‹ All Posts
Shaly Gupta

15th Sep · SEBI Registration INH000016108

An Evening Star pattern near a trendline resistance

ZENSARTECH
An Evening Star pattern near a trendline resistance can be a strong bearish reversal indication. The Evening Star is a three-candle pattern where a strong bullish candle is followed by a small-bodied/indecision candle and then a strong bearish candle. When this formation occurs near a well-established trendline resistance, it suggests that buyers are losing momentum and sellers are becoming active at the resistance zone. A bearish confirmation with increased volume and a break below the recent swing low can strengthen the downside setup. In simple terms: Trendline resistance + Evening Star + bearish confirmation = potential downside/reversal setup. chart is attached for study purpose

#TechnicalViews
ZENSARTECH_2026-09-15_20-41-48.png
789 likes·72 comments