Entry – 823.65
Target – 763.20
Stoploss – 852
feel free to call us +919500077790 info@eqsis.com
Entry – 823.65
Target – 763.20
Stoploss – 852
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Hi,
Hanging man have a small body with a long upper tail pattern. Hanging man is a bearish reversal pattern, as the buyers were initially in charge but yet the sellers were capable to reverse that control and drive prices back up to close near the low for the day.
Conditions
Hanging man have a small body with a long upper tail.
The lower tail should be invisible or very small in size.
Volume should be high during hanging man day.
Hanging man should be red in color.
Hanging man occur after a price incline