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Hanging man – Ambuja cements – Bearish
Trade plan:
- Symbol: Ambuja cements
- Direction: Short
- Entry: 210
- SL: 217 (Risk = 7)
- Target: 200 (Reward = 10 (1.5 times x 7))
Hi Balaji sir, the pattern shown by you cannot be qualified as the hanging man, it should be red in colour and inverterd hammer . The pattern here is a hammer red in colour.
Dear Sir,
I thank you for viewing my analysis. Please find below the definition for hanging man:
<span style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”>A </span><b style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”>hanging man</b><span style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”> is a type of bearish reversal </span><b style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”>pattern</b><span style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”>, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the </span><b style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”>candlestick</b><span style=”color: #222222; font-family: arial, sans-serif; line-height: 19.2px;”> with little or no upper wick.</span>
Hope this will clarify the subject. If I am wrong, please check with Murugan sir and correct me.
Dear Sir,
I thank you for viewing my analysis. Please find below the definition for hanging man:
A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick.
Hope this will clarify the subject. If I am wrong, please check with Murugan sir and correct me.
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