Identify Hanging man candle stick in Tata Comm. high volume .Entry at 437.stop loss at 460.Exit at 410
TATA COMM – Hanging man
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Stock Analysis
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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
i think correct