Indian stock market · candlestick pattern
Hanging man on IRCTC
On IRCTC the hanging man showed up 22 times. The target came first 45% of the time, the stop 55%, and 0% went nowhere within 12 candles.
Counted on IRCTC: daily candles from October 2019 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 3 | 33% | 67% | 0% |
| Hourly | 19 | 47% | 53% | 0% |
IRCTC against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| IRCTC | 22 | 45% | 55% | 0% |
| All Indian stock market charts | 1,252 | 37% | 58% | 5% |
| Every market | 8,311 | 36% | 58% | 6% |
The last 8 times
- 17 Sep 2026, 13:15 IST · hourly · stop first after 3 candles
- 26 Aug 2026, 13:15 IST · hourly · stop first after 1 candle
- 10 Aug 2026, 13:15 IST · hourly · target first after 3 candles
- 6 Aug 2026, 15:15 IST · hourly · target first after 1 candle
- 16 Jul 2026, 12:15 IST · hourly · target first after 4 candles
- 5 Jun 2026, 11:15 IST · hourly · target first after 5 candles
- 5 Jun 2026, 10:15 IST · hourly · target first after 6 candles
- 13 Apr 2026, 09:15 IST · hourly · stop first after 1 candle
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 IRCTC
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · RSI oversold bounce · Volume profile rejection · EMA 9/21 bullish cross · EMA 9/21 bearish 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 IRCTC?
In 22 cases on IRCTC, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 55%; 0% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.