Recognise has detected a "Hanging Man" chart pattern form on Utratech Cemant Ltd NSE. This bearish signal indicated that the stock price may fall from tha close of 4597.00.
The price may have reached the top of the recent uptrend . shoving it has been susceptible to selling pressure, The Hanging Man appears during an uptrend, displaying a long lower shadow with a small real body the top of the range. The price may have reached a top and due for a reversal to the downside.
This bearish pattern can be seen on the following chart.
The price may have reached the top of the recent uptrend . shoving it has been susceptible to selling pressure, The Hanging Man appears during an uptrend, displaying a long lower shadow with a small real body the top of the range. The price may have reached a top and due for a reversal to the downside.
This bearish pattern can be seen on the following chart.
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