AXISBANK When a stock is taking resistance at a trendline zone, it means the price is repeatedly failing to move above a downward or horizontal trendline, indicating that sellers are active at that level. Each time price approaches the trendline and gets rejected, it confirms that supply is overpowering demand, often leading to short-term pullbacks or continuation of a downtrend. Traders typically wait for either a strong breakout above the trendline with volume (signaling a potential trend reversal) or look for selling opportunities near the trendline with proper risk management, as the zone acts like a dynamic resistance barrier.
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