kiranrshinde

How to take trade with Hanging Man Candle

Short
NSE:BANKNIFTY   NIFTY BANK
Hello Everyone,

I have tried my by best to explain, How to take trade based on Bearish CandelStick ( Hanging Man ) formation in Banknifty .

If still you are not clear, put your queries into comment section or Correct e if i am wrong.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

I hope you all like my analysis.
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Comments

bro give me your whatsapp number.
+2 Reply
kiranrshinde mesomofficial
@mesomofficial,

Thank you for asking my no but it's a request .. if you want to have a word with me please call on week-ends.
Weekdays i do not get enough time due to work.

You can ask any question here as well ... i will try my best to answer the question.

My what's no is 8793135708.
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Any suggestions/rules to trade according to your post for intraday? Today I bought at 34300 and sold at 34500..and it worked. One rule I follow is to wait for the resistance hit/try once then buy above the level (34300) when price comes below taking support.
+1 Reply
@kvsaheed,

Basic rules for any trade is :
1. Try to Buy at the Support .. based on ... candlestick formation, indicators signal, your own strategy and so on ... This will give you more correct entries with less SL getting hit.
2. Try to Sell at the Resistance.. based on ... candlestick formation, indicators signal, your own strategy and so on ... This will give you more correct entries with less SL getting hit.

Target/Profit booking is up to ones greedy nature but basic to follow is 1:1

Time frame to Trade ... depending upon ones trading nature .. for freshers 5 mins is best.
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