A retracement and trendline has been show in the chart. Trendline appeared in the chart is a strong resistance that can be not overlooked.
Another plotted thing is for future prediction for BANKNIFTY .
Intraday traders must be keep in their mind this RESISTANCE 29332 to 29378
Wow , Amazing , Grate change in the posting , Appreciate your efforts , this is the simplest way one can look in the stock market , no need of much of complexity , but some how people gets confused them self and end up with lots of misinterpretation , The Fibonacci tool might be placed on foreseeing the market , but in my view the Fibonacci is used in identifying the next possible pause or turnaround based on immediate previous peak difference in an on going trend ,
Grate efforts , Good day