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Indian stock market · candlestick pattern
Hanging man on Eicher Motors
On Eicher Motors the hanging man showed up 27 times. The target came first 41% of the time, the stop 56%, and 4% went nowhere within 12 candles.
Counted on Eicher Motors: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 4 | 0% | 75% | 25% |
| Hourly | 23 | 48% | 52% | 0% |
Eicher Motors against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Eicher Motors | 27 | 41% | 56% | 4% |
| All Indian stock market charts | 1,252 | 37% | 58% | 5% |
| Every market | 8,311 | 36% | 58% | 6% |
The last 8 times
- 30 Jul 2026 · daily · stop first after 6 candles
- 20 Jul 2026, 12:15 IST · hourly · stop first after 2 candles
- 3 Jul 2026, 12:15 IST · hourly · stop first after 3 candles
- 10 Jun 2026, 12:15 IST · hourly · target first after 3 candles
- 5 May 2026, 11:15 IST · hourly · stop first after 1 candle
- 19 Mar 2026, 09:15 IST · hourly · target first after 2 candles
- 16 Feb 2026, 09:15 IST · hourly · target first after 4 candles
- 2 Jan 2026, 10:15 IST · hourly · stop first after 6 candles
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 Eicher Motors
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · 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 · Bajaj Finserv · Nestle India · Britannia · Punjab National Bank · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum
Questions
How often does the hanging man work on Eicher Motors?
In 27 cases on Eicher Motors, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 56%; 4% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.