Evening Star

NIFTY - Supply Zone & Evening Star Nifty closed near the psychological level of 23,000, but price faced rejection from a major supply zone (23,100–23,200), where a Bearish Order Block and Evening Star candlestick pattern formed. This confluence makes the resistance zone technically significant. Key Market Levels: 🔴 Major Resistance: 23,200 🟢 Major Support: 22,200 Crucial Range: 22,800–23,200 Market Scenarios: => Above 23,200: Bullish momentum may strengthen. => Below 22,800: Bearish momentum may emerge. => Between 22,8

by Arvind_Share_Academy

Axis Bank – Monthly Chart Analysis short opportunity 📊 Axis Bank – Monthly Chart Analysis Potential Short Opportunity Double Top Formation: Price has formed a clear double top pattern near the ₹1300–₹1350 zone, indicating strong resistance. Bearish Divergence (RSI): Momentum indicator (RSI) is showing lower highs while price formed higher highs — a classic sign of weakening bullish momentum. Evening Star Pattern (Monthly): A confirmed evening star candlestick pattern on the monthly timeframe strengthens the probability of a medium-term reversal.

by tradetechnicalanalyst

Nifty form Bearish Evening star. Correction expected.Annotations Patterns: Master Candle on 30 min. Evening Star: Points to the recent high. A "master candle" refers to a large-range candle (here, likely on a 30-minute timeframe) that encompasses subsequent smaller candles, Combined with an "evening star" pattern—a three-candle bearish reversal (large green candle, small-bodied doji/star, followed by a large red candle closing below the first's midpoint)—this suggests a topping formation and potential for further downside. Short on Any Bounce Up

by tradetechnicalanalyst

Gold form double top bearish pattern,Bearish Patterns Annotated: Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers. Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecisi

by tradetechnicalanalyst

Silver Futures – Bearish Reversal in Progress Silver Futures – Bearish Reversal in Progress Description: Silver is showing a strong technical reversal across timeframes. Short-term correction looks likely. Technical Setup: Daily: Evening Star + Bearish Engulfing Flattening EMAs Volume and MACD confirming momentum slowdown Weekly: Gravestone + Southern Doji near resistance RSI close to overbought EMA slope still up, but weakening signs visible Macro View: No major bearish macro trigger — Fed dovish, USD stable, inflation low.

Tata motor sign of correction.As per chart analysis stock is trading in LL & LH pattern. It is facing resistance at 78.6%. Candle pattern showing evening star pattern which is sign correction. It may test 580 soon.

by tradetechnicalanalyst

Is Nifty-Bank test 49700 ?Back-to-Back Evening star form on B-nifty chart weak sign, If it will give weekly closing below 52000. Deep correct may come up to 49700 again.

by tradetechnicalanalyst

Nifty forming H&S pattern on weekly chart.Alarming sign on index Nifty forming H&S pattern on weekly. With the neckline 24900 if it closes below this level, it may come up to 24500-24100 in short time.

by tradetechnicalanalyst

Banknifty Weak pattern on weekly chart.Bank nifty form Evening Star on Weekly chart. Bearish pattern, It can short on higher level 51500-52000. It may correct up to 49600 to 48600 soon.

by tradetechnicalanalyst

Nifty price Action 14.04.2024.Nifty facing trendline resistance at 22777. Next up move will come when it close above 22777, till stay short. As per chart nifty showing weakness. It form evening star pattern on daily chart and also double top on 3-4 hrs. time frame. On Monday nifty can short with stop loss 22810 on any level below 22610 for lower target 22430, 22310 soon. As per channel shown on chart nifty final target would be 21921.

by tradetechnicalanalyst

NESTLEIND - Evening Star NESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe. A few points to note: 1. There is a weekly reversal sign (bearish - Evening star pattern) 2. The stock is below 50DMA 3. Ascending wedge pattern - Usually is a bearish sign. 4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.

by SwingtradesbyAbhishek

Evening Star in DLF, 1D NSE:DLF formed Evening Star pattern and Double Top in Daily TF. Entry : 516.90 Target : 582 SL : 545 RR : 1.2

SBILIFE, 1D forms Evening Star NSE:SBILIFE formed an evening star after an uptrend. Entry : 1334.2 Target : 1271 SL : 1395 RR : 1

Evening Star in BANKNIFTY, 1D NSE:BANKNIFTY formed Evening Star(Bearish pattern) pattern on Daily TF . Entry : 45384.60 Target : 44300 SL : 46350 RR : 1.1

Evening star in SBIN, can it take stock lower?SBIN has given a fall of 7% in this week after forming a double top pattern. An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema. After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall. Volume indicator also confirms the pattern as the volume of the red candle is higher than the doji candle formed previously. A short trade can be initiated in the stock once it starts trading below

by TheMamboMomentum

Evening Star An evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside. Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator. The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively. Script = HeroMotoCorp Time Frame = 1 Day

by Jainshashwat

Lichsgfin 1dtf perfect Evening star pattern Lic housing finance 1Dtf forms a perfect evening star pattern at a resistance which is a sign of trend reversal. Stock looks bearish

by narendranmohan04

Cummins - Rising Wedge & Evening Star - Weekly Overview NSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results.

Evening Star An evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside. Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator. The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively. Script = Axis bank Time Frame = 15 min

by Jainshashwat

SGX Nifty - Learn Learn Technical Analysis - Bearish Trend In sgx nifty chart first there was a uptrend & then it broke the resistance of around 17000. After breaking the resistance it fall again. Now in this scenario prevoius resistance acting as a support & it bounced back from it. At around 17460 there was a second resistance. So you can also see the dry volume & negative divergence near this resistance level. After this it formed evening star pattern. This is how we should do technical analysis for bearis

Evening Star Another reversal pattern at important juncture, It seems like profit booking has occurred at supply zone. Evening Star formation : The support holds at low of first candle and same level has been tested today 17300-350 level is the point of the control zone , it has maximum volume spread. Price pattern has created a confluence zone , It would act as strong support but if it goes below it, heavy selling is likely to occur

Banknifty analysis - logic and plan EXPLANATION : This is a 15 min time frame chart of BANKNIFTY . It has been consolidating at previous Resistance zone and formed the Evening star pattern . ( An Evening start is a candlestick pattern that is used by traders for analyzing when the uptrend is going to reverse to a downtrend ) If give a strong breakdown and continue his pattern , I am bearish on BANKNIFTY . If give a strong breakout and retest ( Resistance become Support ) , I am bullish on BANKNIFTY . Levels are marked in chart , e

by pranavnanavare

Reversal candlestick patterns 1.Bullish Engulfing : The first candlestick is a red one, and the second is green. A green one “engulfs” the red one because the body has a lower opening price and a higher closing price 2. Evening Star : You need three candlesticks to see this Evening Star pattern, a green candle with a long body, a short green or red candle, and a red candlestick. 3. Dark Cloud : The price gaps higher and then sells off, creating a candlestick that shows a closing price lower than the midway point in th

Evening star - Reversal pattern The pattern has formed at the resistance zone and the price has come below the important support of the 17600 range. As per the volume profile majority of price, action has happened on the 17300 level. It can be considered the next level of support.