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THREETREND RESEARCH

9th May · SEBI-Registered Analyst

ADANIPORTS
A trendline resistance is formed when price repeatedly faces selling pressure near a downward sloping line connecting lower highs. When the price approaches this trendline, traders often book profits or create fresh short positions, causing the market to reverse downward. A strong rejection or bearish candlestick near the trendline resistance confirms weakness and indicates a possible continuation of the downtrend.

#TechnicalViews#FundamentalViews
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