Checked for below conditions to confirm hanging man pattern:

  1. Significant increase in price recently – (i.e) recent uptrend

  2. Red hanging man candle

  3. Tiny head and the tail of the candle is greater than twice the body of the candle.

  4. High volume on hanging man candle day

Direction: Short

Entry: Go short below 197

Target: 182.4

Stop Loss: 204.3

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