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Indian stock market · candlestick pattern

Hanging man on Tata Power

On Tata Power the hanging man showed up 21 times. The target came first 38% of the time, the stop 57%, and 5% went nowhere within 12 candles.

Counted on Tata Power: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily838%50%12%
Hourly1338%62%0%

Tata Power against the rest

ChartsFoundTarget firstStop firstWent nowhere
Tata Power2138%57%5%
All Indian stock market charts1,25237%58%5%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2024367%33%
2025729%71%
2026650%50%

The last 8 times

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 Tata Power

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · Volume profile rejection · MACD bearish cross · MACD bullish cross · 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 · 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 Tata Power?

In 21 cases on Tata Power, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 57%; 5% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.