YESBANK – HANGING MAN PRACTICE ( OLD DATA )

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.

2. The negative candle which resembles the inverted hammer is called Hanging Man.

3. The volume during the Hanging Man should be high.

4. Its time to take short position.

{  THE COLOR OF THE CANDLE SHOULD BE RED. ITS VERY IMPORTANT }