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As per price action stock is trading near the important support zone. A horizontal trend line in trading is a straight line drawn across a chart at a fixed price level where the price has historically shown support or resistance. Key Uses of Horizontal Trend Lines: Support Level – A horizontal line drawn at a price where an asset has consistently stopped falling and bounced back up. Resistance Level – A horizontal line drawn at a price where an asset has consistently struggled to move above. Breakout Trading – If the price breaks above a horizontal resistance line, it may signal a bullish breakout; if it breaks below a support line, it may indicate a bearish breakout. Range-Bound Trading – If the price repeatedly moves between two horizontal levels, traders use them to buy at support and sell at resistance.