India, Jan. 30 -- The appearance of an Evening Star pattern after a sustained uptrend highlights emerging selling pressure near higher levels. A breakout below the pattern supports a potential bearish reversal.

The Evening Star pattern indicates a potential trend reversal following a prior advance, with prices showing hesitation near higher levels before sellers regain control. A decisive breakdown below the pattern's support reflects strengthening selling pressure, signalling a loss of buyer dominance and the possibility of building downside momentum in Triveni Engineering and Industries Ltd.

On Thursday, Triveni Engineering and Industries Ltd formed an Evening Star pattern on the 1-hour chart, reflecting waning buying momentum after t...