Nifty made hanging Man pattern

Nifty spot making Hanging Man pattern on monthly chart. Hanging Man is bearish single reversal candelistick pattern in uptrend which requires confirmation on next candle. The long lower shadow of Hanging man is generally is bullish signal and buyers are more aggressive. Hanging man formation does not mean that bulls have lost control ,So confirmation of trend reversal is required and it can be identified when next candle closes below the real body of Hanging man or another trend reversal patterns like engulfing pattern or piercing pattern.