Grasim

When a trendline acts as resistance, it’s like an invisible ceiling that the stock struggles to break through. Here's how it works: 📈 What is a Trendline Resistance? It’s a descending line connecting lower highs during a downtrend. The stock price approaches the line, gets rejected, and turns back down. It shows sellers are stepping in at that level consistently. 🔍 What to Look for on the Chart: ✅ Multiple touches on the trendline — at least 2-3 points for confirmation ✅ Bearish reversal candles near the trendline (e.g., shooting star, bearish engulfing) ✅ Resistance may align with: Previous swing highs Fibonacci levels Moving averages (like 50 or 200 EMA)