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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