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 negative candle which resembles the inverted hammer is called Hanging Man.
3. The volume during the Hanging Man should be high. (HIGH VOLUME IS MISSING. SO WE SHOULD BE VERY CAUTIOUS. THAT’S WHY WE SHOULD GIVE ONLY 2 STARS)
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Stock Ticker – NSE: SHREECEM – Shree Cement Ltd. – CEMENT
Bearish Trade plan:
Entry Level 21398.80 Target 20395.70 Stoploss 22401.90
Analyst Rating – :2/5
View Posted on 2019-07-01