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Indian stock market · candlestick pattern
Hanging man on State Bank of India
On State Bank of India the hanging man showed up 23 times. The target came first 22% of the time, the stop 78%, and 0% went nowhere within 12 candles.
Counted on State Bank of India: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 9 | 22% | 78% | 0% |
| Hourly | 14 | 21% | 79% | 0% |
State Bank of India against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| State Bank of India | 23 | 22% | 78% | 0% |
| All Indian stock market charts | 1,252 | 37% | 58% | 5% |
| Every market | 8,311 | 36% | 58% | 6% |
The last 8 times
- 19 Jun 2026, 10:15 IST · hourly · stop first after 6 candles
- 8 May 2026, 09:15 IST · hourly · target first after 3 candles
- 7 May 2026, 11:15 IST · hourly · stop first after 1 candle
- 27 Apr 2026, 10:15 IST · hourly · target first after 6 candles
- 7 Apr 2026, 09:15 IST · hourly · stop first after 7 candles
- 12 Feb 2026, 15:15 IST · hourly · stop first after 12 candles
- 6 Jan 2026, 12:15 IST · hourly · target first after 4 candles
- 5 Jan 2026, 15:15 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 State Bank of India
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Doji · Spinning top · MACD bearish cross · Volume profile rejection · Volume profile bounce · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them
The hanging man elsewhere
Sensex · Nifty 50 · Infosys · ICICI Bank · 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 State Bank of India?
In 23 cases on State Bank of India, the target (1.5 × ATR) came before the stop (1 × ATR) 22% of the time and the stop came first 78%; 0% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.