What does the Hammer screen look for?

Small body near the top with a lower shadow at least twice the body, after a short decline. Checked on the daily chart; during market hours today's candle is still forming.

How should I read the Hammer results?

Sellers pushed price down and buyers pushed it back. Confirmation comes from the next candle.

Hammer

Candlestick

Small body near the top with a lower shadow at least twice the body.

More candlestick screens

Bullish EngulfingA green candle whose body fully covers the previous red candle's body.
Bearish EngulfingA red candle whose body fully covers the previous green candle's body.
Shooting StarSmall body near the bottom with an upper shadow at least twice the body.
Piercing LineAfter a strong red candle.
Dark Cloud CoverAfter a strong green candle.
Three White SoldiersThree strong green candles in a row.
Quality CompoundersHigh return on equity with modest debt — businesses that compound capital.
GARP — Growth at a Reasonable PriceProfitable companies that are not priced for perfection.

Covers actively traded NSE stocks that PaisaTrade tracks (Nifty 50 names and other popular stocks), with more being added. Prices are delayed; technicals use daily candles with today's live bar. P/E and market cap refresh with quotes; ROE, debt-to-equity, P/B, margins and quarterly growth are refreshed from company filings data every few days. Educational only — not investment advice.