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THREETREND RESEARCH

8th May · SEBI-Registered Analyst

INFY
When price approaches a downward trendline, that trendline often acts as a resistance zone where sellers become active. If a bearish candlestick pattern such as a shooting star, bearish engulfing, or pin bar forms near the trendline resistance, it indicates rejection from higher levels and signals that buyers are losing momentum. This combination increases the probability of a downward move, as traders see the trendline holding strong and sellers taking control again.

#FundamentalViews#TechnicalViews
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