Trading Buy Sell quiz banknifty Nifty Stocks #trading #shorts

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Trading a pullback after a bullish trend, retesting the demand zone may be highly effective, especially when a hammer candlestick appears.

This setup occurs when the price revisits a previously established demand zone, indicating potential buying interest.

The appearance of a hammer candlestick, characterized by a small body with a long lower wick, signals potential rejection of lower prices, suggesting a possible upward reversal.