djmanjith

Nifty Forms A Hanging man candlestick pattern!!

NSE:NIFTY   Nifty 50 Index
Hanging Man Bearish Candlestick!!!

The higher the trading volume and the longer the lower wick relative to the body, the more bearish the hanging man .

When the high and the open are the same, a bearish Hanging Man candlestick is formed and it is considered a stronger bearish sign than when the high and close are the same, forming a bullish Hanging Man (the bullish Hanging Man is still bearish , just less so because the day closed with gains).

Game over for the bulls? lets wait and watch tommorow.
Comment: NIfty shed -37.75 points in today's trade. The bearish cycle will most likely continue further for a few more trading sessions.
Trade active
Comment: Nifty Shed another -39.80 Points in today's trade. The downfall will most likely continue to Monday.
Nifty Shed another -39.80 Points in today's trade. The downfall will most likely continue to Monday.
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