Chart check: Are new-age stocks witnessing a trend reversal or pullback?

The present scenario of new-age stocks reveals a pullback (rebound) in their stock prices, show technical charts

In technical analysis, trend reversal is a scenario where a stock or index deviates from the existing trend, and moves in the opposite direction. If the existing trend is upward, the trend reversal would mean a downward trend has begun, and vice versa.

However, a pullback is a state where the instrument rebounds from the existing trend, but instead of taking a clear reversal, its returns to the earlier trend in a short period of time.

Recently, new-age companies such as One 97 Communications, Zomato, PB Fintech, Fsn E-Commerce Ventures, and Delhivery have evolved with similar formations on their respective share price