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Beta
Title
Last Update
5/20/2013
IBN
ICICI BANK ADR REP 2
SELL
Last Pattern: BEARISH HANGING MAN
Last Close:
47.7300
Change:
-0.6600
Percent change
-1.36%
6 mo. Rating 2★
$100⇨ 115.06
12 mo. Rating 3★
$100⇨ 151.33
24 mo. Rating 2★
$100⇨ 274.96
Signal Update
Our system’s recommendation today is to SELL. The BEARISH HANGING MAN pattern finally received a confirmation because the prices crossed the confirmation level which was at 48.1050, and our valid average selling price stands now at 48.0550. The previous BUY recommendation was issued on 5/8/2013, 12 days ago, when the stock price was 47.2600. Since then IBN has risen by +1.68%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
The pattern occurs at the top of a trend or during an uptrend. The name Hanging Man comes from the fact that the candlestick looks somewhat like a hanging man. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/20/201348.0550SELL 274.96
5/8/201347.2600BUY 270.95
5/3/201345.3400SELL 271.49
4/18/201343.7800BUY 262.67
4/15/201340.9200SELL 263.20
4/10/201340.2800BUY 259.60
4/3/201341.4100SHORT 253.72
3/27/201340.6200BUY 249.88
3/13/201343.1500SELL 250.38
2/27/201342.1800BUY 245.24
2/20/201343.2800SHORT 240.12
2/11/201343.7000BUY 243.42
1/31/201346.3600SELL 243.91
1/22/201344.2700BUY 233.38
1/17/201344.1600SELL 233.85
1/4/201344.9500BUY 238.51
12/27/201244.1250SELL 238.99
11/19/201237.6300BUY 204.22
11/8/201239.5700SHORT 195.46
11/1/201239.9200BUY 197.98
10/10/201239.9700SELL 198.38
9/24/201240.0000BUY 198.93
9/19/201237.9500SELL 199.33
9/6/201233.0900BUY 174.15
8/13/201234.5200SELL 174.50
7/30/201234.7700BUY 176.12
7/23/201232.5600SELL 176.47
7/16/201233.6300BUY 182.63
7/12/201233.1700SELL 183.00
6/27/201229.9050BUY 165.32
6/11/201229.8000SELL 165.65
6/6/201229.5000BUY 164.31
6/4/201228.3800SHORT 171.75
5/29/201229.8500BUY 181.37
5/7/201231.8100SHORT 171.53
4/27/201233.0200BUY 178.77
4/19/201233.7100SHORT 175.89
4/17/201234.3400BUY 179.90
3/20/201236.1900SHORT 171.84
3/1/201236.1800BUY 172.48
2/23/201237.9500SELL 172.83
2/16/201238.9200BUY 177.60
2/7/201237.8500SELL 177.96
2/1/201236.2400BUY 170.73
1/26/201235.2500SELL 171.07
12/22/201127.0900BUY 131.73
12/5/201130.5600SHORT 118.77
12/1/201129.5500BUY 115.31
11/10/201133.8300SHORT 102.77
11/8/201135.8100BUY 109.22
11/2/201136.5100SELL 109.44
10/27/201136.4700BUY 109.54
10/26/201134.8600SELL 109.76
10/24/201135.5500BUY 112.16
10/19/201135.7000SELL 112.38
10/5/201132.0500BUY 101.09
9/30/201135.5600SHORT 92.38
9/26/201135.1400BUY 91.66
9/9/201138.5200SHORT 84.60
9/7/201138.8700BUY 85.71
9/2/201138.2900SHORT 87.38
8/30/201137.9000BUY 86.84
8/18/201137.7800SHORT 87.47
8/15/201142.9000BUY 99.72
7/28/201146.0200SHORT 93.76
7/19/201147.5250BUY 97.21
7/6/201148.6800SELL 97.40
6/27/201147.5200BUY 95.27
6/15/201146.1000SHORT 98.69
6/2/201146.4300BUY 99.80
† Trade commissions taken as 0.20%.
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