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Indian stock market · candlestick pattern

Hanging man on Bajaj Finserv

On Bajaj Finserv the hanging man showed up 31 times. The target came first 29% of the time, the stop 58%, and 13% went nowhere within 12 candles.

Counted on Bajaj Finserv: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1315%77%8%
Hourly1839%44%17%

Bajaj Finserv against the rest

ChartsFoundTarget firstStop firstWent nowhere
Bajaj Finserv3129%58%13%
All Indian stock market charts1,25237%58%5%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2022333%67%
2024333%67%
20251040%50%
2026838%38%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man lesson, video and quiz ›

Other patterns on Bajaj Finserv

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · MACD bearish cross · Doji · Volume profile bounce · MACD bullish cross · EMA 9/21 bullish cross · all of them

The hanging man elsewhere

Sensex · Nifty 50 · Infosys · ICICI Bank · State Bank of India · Tata Power · Nestle India · Britannia · Punjab National Bank · Titan · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum

Questions

How often does the hanging man work on Bajaj Finserv?

In 31 cases on Bajaj Finserv, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 58%; 13% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.