downward-sloping trendline is acting as a strong resistance
INFY The downward-sloping trendline is acting as a strong resistance zone for Infosys, because every time the price has moved upward toward this line, sellers have entered and the stock has faced rejection. This shows that market participants are consistently using the trendline area to sell, making it an important dynamic resistance. As long as Infosys remains below this trendline, the broader trend remains under pressure; a decisive closing above the trendline with sustained buying would indicate that this resistance is weakening and could signal a change in the trend. chart is attached for your reference kindly go through the chart for proper study levels and understand the concept explain above.
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