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THREETREND RESEARCH

6th May · SEBI-Registered Analyst

TEJASNET
A horizontal trendline support zone is a price area where a stock or asset repeatedly stops falling and starts bouncing upward, showing strong buying interest at a particular level. It is formed when the market touches a similar low price multiple times, creating a straight horizontal line that acts as support. Traders consider this zone important because buyers become active whenever price approaches it, increasing the chances of a reversal or bounce. If the price holds above the support zone, it indicates strength and can lead to an upward move, while a breakdown below the zone with strong volume may signal weakness and further downside.

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