SUZLON

A trendline breakdown retest occurs when the price falls below a well-established upward trendline, signaling that the existing uptrend may be weakening. After the breakdown, the price often rebounds to retest the broken trendline, which now acts as a resistance level instead of support. If selling pressure emerges near the retest and the price fails to move back above the trendline, it confirms the validity of the breakdown and indicates that bears remain in control. This rejection is often followed by a fresh downward move, making the breakdown retest a widely used confirmation signal for traders looking to identify the continuation of a bearish trend