Axis Bank

When a stock takes resistance at a trendline resistance zone and falls, it means the trendline is acting as a barrier, and the price is respecting the ongoing trend—typically a downtrend. Here's a breakdown: 🔻 What’s Happening Technically: You draw a trendline by connecting lower highs in a downtrend. As price approaches this trendline (resistance), it fails to break above. The price then reverses downward, continuing the bearish move. This signals that sellers are active at that level and are overpowering buyers. ✅ Key Confirmation Points: Multiple touches on the trendline strengthen its reliability. Rejection occurs with bearish candles (e.g., shooting star, bearish engulfing). Volume may spike as sellers become aggressive. Often aligns with other indicators like RSI resistance or MACD bearish crossover.