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Indian stock market · candlestick pattern
Hanging man on ICICI Bank
On ICICI Bank the hanging man showed up 22 times. The target came first 27% of the time, the stop 59%, and 14% went nowhere within 12 candles.
Counted on ICICI Bank: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 9 | 33% | 44% | 22% |
| Hourly | 13 | 23% | 69% | 8% |
ICICI Bank against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| ICICI Bank | 22 | 27% | 59% | 14% |
| All Indian stock market charts | 1,252 | 37% | 58% | 5% |
| Every market | 8,311 | 36% | 58% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2023 | 3 | 67% | 33% |
| 2025 | 8 | 0% | 75% |
| 2026 | 8 | 38% | 62% |
The last 8 times
- 15 Jul 2026, 11:15 IST · hourly · target first after 1 candle
- 6 Jul 2026, 11:15 IST · hourly · stop first after 5 candles
- 20 Apr 2026, 14:15 IST · hourly · stop first after 2 candles
- 20 Apr 2026, 13:15 IST · hourly · stop first after 3 candles
- 6 Apr 2026, 14:15 IST · hourly · target first after 2 candles
- 3 Feb 2026, 12:15 IST · hourly · stop first after 4 candles
- 8 Jan 2026, 10:15 IST · hourly · target first after 6 candles
- 6 Jan 2026, 11:15 IST · hourly · stop first after 5 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 ICICI Bank
Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Doji · MACD bearish cross · Gap down · Gap up · Volume profile rejection · MACD bullish cross · all of them
The hanging man elsewhere
Sensex · Nifty 50 · Infosys · State Bank of India · Tata Power · Bajaj Finserv · 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 ICICI Bank?
In 22 cases on ICICI Bank, the target (1.5 × ATR) came before the stop (1 × ATR) 27% of the time and the stop came first 59%; 14% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.