4 stocks signaling bears may rule soon after establishing hanging man pattern
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Downward Trend
A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are 4 stocks that have established a Hanging Man pattern and signal a bearish reversal. (Source: StockEdge)
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What's a Hanging Man pattern?
It is a one-day candlestick pattern in which there is a small red real body and a lower shadow extending from the body, and is formed at the top of an uptrend.
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Castrol India
LTP as on June 19: Rs 121.85 | Performance: + 1.3%
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Angel One
LTP as on June 19: Rs 1558.35 | Performance: + 0.2%
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KEI Industries
LTP as on June 19: Rs 2238.8 | Performance: -0.2%
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Poly Medicure
LTP as on June 13: Rs 1143.6 | Performance: - 0.2%