When a stock repeatedly takes resistance
M&M When a stock repeatedly takes resistance at a downward-sloping trendline and moves lower, it indicates that sellers are becoming active whenever the price approaches the trendline. The trendline acts as a dynamic resistance zone, keeping the overall structure bearish. A bearish rejection from this trendline can indicate the possibility of further downside, while a decisive breakout above it may signal a trend reversal. Chart is attached for your reference and views are for educational purposes only, not investment advice. please go through the chart and understand trhe concept and improve yur study levels, chart is attached of mahindra and mahindra for study purpose of this concept in this thread.
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