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THREETREND RESEARCH

18th May · SEBI-Registered Analyst

A trendline acts as a resistance when the price repeatedly faces selling pressure near the downward sloping line. Whenever the market approaches the trendline, sellers become active and push the price lower, indicating a bearish sentiment. A strong rejection or bearish candlestick near the trendline resistance can signal a possible continuation of the downtrend.

AMBER

#FundamentalViews#TechnicalViews
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