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Nikita (SEBI RA)

21st Aug 2025 · SEBI-Registered Analyst

Evening Star – The Bearish Counterpart

📊 Evening Star is opposite of Morning Star – a bearish reversal pattern. ✅ Structure: 1️⃣ Big Bullish Candle – strong buying. 2️⃣ Small Candle/Doji – buying slows, indecision. 3️⃣ Big Bearish Candle – sellers dominate. 📌 Example: Nifty rallies to 22,000, prints a Doji, and next day forms a big red candle closing below 21,800 → Evening Star → signals potential top formation. 🧠 Tip: Stronger if formed at resistance + supported by FII/DII selling data.

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