A bearish hanging man appeared on daily chart of Kotakbank. The hanging man appeared at the top of the uptrend. Also the volume during formation of hanging man was high. So we take short position on the stock. Stoploss is taken to be the high of the bullish trend.
KOTAKBANK – BEARISH HANGING MAN CANDLESTICK PATTERN
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Stock Analysis
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Bullish View
Bearish View
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