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THREETREND RESEARCH

4th Jun · SEBI-Registered Analyst

$JBMA Lower Highs at a Trendline indicate that buyers are becoming weaker as the price fails to make higher peaks and repeatedly faces resistance near a descending trendline. This pattern reflects increasing selling pressure, with each rally ending at a lower level than the previous one. When prices continue forming lower highs while respecting the trendline, it often signals a bearish trend and increases the possibility of a downside breakout or continuation of the existing downtrend.

#FundamentalViews#TechnicalViews
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