KOTAKBANK – Bearish below 1430, SL 1476 – EQSIS PRO

Tagged: Hanging man, KOTAKBANK Bearish

This topic has 1 reply, 2 voices, and was last updated 8 years, 7 months ago by Naveen.

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September 16, 2015 at 5:34 PM #9353

Abirami Duraisamy
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Rank: Level 5

As per the indication shown in the chart, hanging man is seen after bullish trend with high volume. Trade Plan: Direction Bearish, Position Short, Entry at 1430, SL 1476, Target 1362(1.5*Risk Considered)

September 23, 2015 at 4:48 PM #10147

Naveen
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Rank: Level 6

Respected madam,

The lower tail should minimum as possible in hanging but in this case the lower tail has a double time of the body size so we cannot qualify as a hanging man.
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