Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #19756
    Sangeetha
    Participant
    Rank: Level 7

    After a significant price rise  the red color hanging man  appeared with good volume

    Trade Plan

    Symbol – HDFC

    Trend – Bearish

    Position – Short

    Entry – 1177

    SL – 1204

    Target – 1151

    #21548
    Fathima Shafi
    Participant
    Rank: Level 5

    Mam, I don’t think we can consider the candlestick as hanging man. There is no trend reversal and hanging man is seen at the end of the bullish trend before the trend turns  bearish.

    #21592
    Sangeetha
    Participant
    Rank: Level 7

    Mam, after hanging man appeared the price goes to fall which is bearish.

    #21597
    EQSIS
    Keymaster

    Hanging Mam (otherwise Shooting star) indicats Bearish trend reversal,

     

    The indicated Candle in the above chart is qualified for Hanging Man, But the Trend prior to Hanging Man should be bullish in order to reverse the trend.

    Otherwise everything is fine..  Refer the My Sample Chart

Viewing 4 posts - 1 through 4 (of 4 total)
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