- This topic has 3 replies, 3 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
feel free to call us   +919500077790     info@eqsis.com
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
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.
Mam, after hanging man appeared the price goes to fall which is bearish.
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
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro