Hanging Man
A candlestick with a small body near the top of its range and a long lower wick, appearing after an advance.
How it is identified
Test: Lower Wick is at least twice the Body, Upper Wick is minimal, and the candle follows an advance
Unit
qualitative
In depth
The hanging man is geometrically identical to a hammer and differs only in where it appears, which makes the pair the clearest demonstration that candlestick names encode context rather than shape. Practitioners argue that a long lower wick after a rise shows selling appearing intraday, whereas after a fall the same wick shows buying — the same data, two opposed readings. That ambiguity is a reason to treat single candles as description rather than signal. This entry defines the term and makes no claim about what follows.
Worked example
Open ₹530, low ₹512, high ₹533, close ₹528, occurring after a rise from ₹462. The identical candle after a fall from ₹560 would be called a hammer and read the opposite way.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Hanging Man” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.