Hammer Reversal
Long lower wick, small body, and close in upper half of candle.
About This Scan
Hammer Reversal is a prebuilt technical scan for technical setups. Long lower wick, small body, and close in upper half of candle. Every filter below is editable — load the scan into the screener, tune it to your risk appetite, and run it on live candles across 5m, 15m, 1h and daily timeframes.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.Lower Wick % greater than or equal to 1.2
- 2.Upper Wick % less than or equal to 0.5
- 3.Close Location % greater than or equal to 60
- 4.Candle Body % less than or equal to 0.9
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How To Use This Scan
- •Confirm the primary trigger before acting: Lower Wick % greater than or equal to 1.2.
- •Size positions to the chart's stop distance, not to conviction.
- •Re-run the scan near the close for stable daily readings.
Frequently Asked Questions
What is the Hammer Reversal scan?
Long lower wick, small body, and close in upper half of candle. It passes all of 4 filters on 1D candles across the NSE universe.
Can I modify this scan?
Yes — clicking Run Scan loads every rule into the custom screener where you can tune values, change timeframes, add filters, save your version, and export results to CSV.