axis bank

A trendline resistance is a key concept in technical analysis. It is drawn by connecting two or more swing highs on a stock chart. This line acts as a resistance level, meaning the price struggles to move above it. As the stock approaches this line, selling pressure often increases, leading to a reversal or pullback. Traders use this trendline to identify potential entry or exit points, expecting that the resistance will hold unless a breakout occurs with strong volume.