Hindustan Copper - Inverted Hammer after a downtrend.

9 ביוני 2021

After a cup and handle formation and a steady downtrend for the past 20 sessions, Hindustan Copper formed an Inverted Hammer - a bottom reversal line today 9th June 2021. The inverted hammer is a bullish pattern after a downtrend. However, it is important to wait for a bullish verification tomorrow. An open above the inverted hammer's real body could be the form of verification. It may be noted that the reversal is happening near the Moving Average.