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Nikita (SEBI RA)

11th Sep · SEBI-Registered Analyst

Evening Doji Star – Bearish Reversal with Doji

📊 The Evening Doji Star is opposite of Morning Doji Star. ✅ Formation: 1️⃣ First candle – Long green (uptrend). 2️⃣ Second candle – Doji (market indecision at top). 3️⃣ Third candle – Long red closing into first candle’s body. ✅ Meaning: Bulls fail, Doji shows hesitation, sellers dominate → bearish reversal. 📌 Example: Nifty rallies 22,000 → 22,300, Evening Doji Star forms near 22,280 → downside risk. 🧠 Rule: More reliable if it appears near resistance.

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