Markets › Nifty 50 › Hanging man
Indian stock market · candlestick pattern
Hanging man on Nifty 50
On Nifty 50 the hanging man showed up 36 times. The target came first 31% of the time, the stop 67%, and 3% went nowhere within 12 candles.
Counted on Nifty 50: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 14 | 29% | 71% | 0% |
| Hourly | 22 | 32% | 64% | 5% |
Nifty 50 against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Nifty 50 | 36 | 31% | 67% | 3% |
| 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 |
|---|---|---|---|
| 2021 | 5 | 20% | 80% |
| 2022 | 3 | 0% | 100% |
| 2025 | 18 | 33% | 61% |
| 2026 | 6 | 50% | 50% |
The last 8 times
- 12 Aug 2026 · daily · target first after 5 candles
- 5 Aug 2026 · daily · target first after 5 candles
- 31 Jul 2026, 14:15 IST · hourly · stop first after 2 candles
- 19 Jun 2026, 09:15 IST · hourly · target first after 5 candles
- 20 Apr 2026, 09:15 IST · hourly · stop first after 2 candles
- 17 Mar 2026, 11:15 IST · hourly · stop first after 2 candles
- 23 Dec 2025, 09:15 IST · hourly · went nowhere
- 26 Nov 2025, 14:15 IST · hourly · stop first after 2 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 Nifty 50
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Gap up · Spinning top · Doji · Gap down · MACD bearish cross · MACD bullish cross · RSI overbought drop · all of them
The hanging man elsewhere
Sensex · Infosys · ICICI Bank · 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 Nifty 50?
In 36 cases on Nifty 50, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 67%; 3% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.