CONDITIONS FOR HANGING MAN:
1. Following a series of positive candles, a negative candle with upper tail lengthier than the body of the candle should appear. ( Yes appeared)
2. The trend before the Hanging man should be positive with good slope. (Yes present)
3. The volume during the Hanging Man should be high. (HIGH VOLUME is present)
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Stock Ticker – NSE: BERGEPAINT – Berger Paints India Ltd. – CONSUMER GOODS
Bearish Trade plan:
Entry Level 330.40 Target 319.90 Stoploss 340.90
Analyst Rating – :4/5
View Posted on 2019-07-30
