In this Nifty chart a red hanging man candlestick appeared after the bullish trend. The characteristics of a hanging man is, it should have a small real body in upper end. The lower shadow of hanging man should be twice as long as real body. There should be a very little or no upper shadow. This is a bearish reversal pattern. After the hanging man appeared the trend reversed. The target achieved in three days.
Nifty – Doji Hanging Man
