Hanging Man

The hanging man is a bearish reversal candlestick pattern that occurs after an uptrend. It is characterized by a small body and a long lower shadow. The long lower shadow indicates that there was a lot of selling pressure during the day, but the buyers were able to push the price back up to the opening price. The hanging man is considered to be a bearish signal, but it should be used in conjunction with other technical indicators to confirm the pattern.

Here are some tips for trading the hanging man pattern:

  • Look for the pattern to form after a strong uptrend.
  • Wait for the price to close below the open of the hanging man before entering a short position.

The hanging man is a useful tool for traders who are looking to short the market, but it is important to remember that no single pattern is 100% reliable, and traders should always use caution when trading.

These stocks have formed a Hanging Man Pattern on 1 Day time frame

Company SymbolSectorPriceChangeVolume52wk High52wk High1Y BetaP/EM CapRating
ANSALAPIFinance11.300.50 (4.63%)352.1 T31.558.000.241.7 BBuy
BHANDARIConsumer Non-Durables6.750.00 (0.00%)244.2 T8.303.651.1915.021 BBuy
FLEXITUFFProcess Industries40.001.45 (3.76%)8,16346.6021.500.791.1 BBuy
TAKETechnology Services22.801.05 (4.83%)362.9 T27.5512.751.143.2 BBuy
VTLProcess Industries396.65-0.85 (-0.21%)129,093418.95270.001.6518.73114.8 BBuy