Hammerlambi neeche wali wick, chhota body, hathoda jaisa

A hammer is a single candlestick with a small body near the top of its range and a lower wick at least twice as long as the body. It forms when sellers push price well down during the period but buyers drive it back up to close near the open. After a decline, a hammer hints that selling pressure is being absorbed. Its colour matters less than its shape and location. If SBI has fallen for a week and prints a hammer at ₹765 with the low at ₹752, a trader might wait for the next candle to close above the hammer's high before buying, with a stop under ₹752. Without that confirmation, the hammer is only a pause. The same shape at the top of an uptrend is called a hanging man and carries the opposite warning. A hammer in a sideways range means little.