ICICI PRU

A **Trendline Support Zone** is an area on a price chart where an asset’s price consistently finds support along a trendline, preventing further decline. It is drawn by connecting at least two or more significant **higher lows** in an uptrend or **lower lows** in a downtrend. ### Key Points: 1. **Support Confirmation** – The more times the price touches the trendline and bounces back, the stronger the support zone. 2. **Zone, Not a Line** – Instead of a precise line, it's better to consider it as a **zone** since prices can slightly break below and then recover. 3. **Volume Matters** – If buying volume increases near the support zone, it strengthens the likelihood of a price bounce. 4. **Breakout Signals** – If the price breaks below the trendline with strong momentum, it could signal a **trend reversal or continuation in a dowNTREND In an **uptrend**, a trader might draw a rising trendline along the lows of price movements. When the price retraces to touch this trendline, it is considered a **buying opportunity** as long as the trend remains intact. Stock chart is near the trendline support zone