Kotak bank had a marubozu today and the monthly chart shows a hanging man this month. I bought some shares during closing time today, now using TA, I should hold it until the uptrend lasts but it’s a hanging man so should I just exit? I’m quite confused.
Shorter timeframe works first rather than longer timeframe.
First thing since 2 months, Marubozu etc are not working properly. You can check in Kotak or any other stock charts.
Secondly how can you call this monthly candle a hanging man, when we are in middle of the month? Monthly candles can be used for a larger time frame like 1-2 year view. But a candle which is not yet finished is useless.