BANKNIFTY is near Imp price and time point

We are having MACD divergence and 52 day ending at the same time which makes current 2/3 days important.

Price touched exactly 127% of weekly Fibonacci level and started moving side ways. If we start falling from this point then levels marked on Fibonacci will work as support. 52 days time point will continue to guide us for reversals. Too many this are happening in the charts at the same time, which makes it important for current uptrend.

Trade according to your trading plan only, what i am sharing is not trading idea at all. This is just technical observation. CMP 22777 and current time is 10.11AM exchange time.