after the index had a spectacular rally for more than one year from 2020 ( march ) covid crash low of 25000 levels to 52300 in 2021 ( june ) is heading towards major resistance , and can have a correction of 10% from here , due to many valid factors factor 1 : bearish harmonics pattern ( monthly ) factor 2 : fibonacii reversal zone 1.618 factor 3 : resistance & upper resistance trend line factor 4 : stochastic RSI at overbought zone of 100 factor 5 : highly stretched valuation from CMP 52300 can correct up to with targets : 49100 / 47740 / 46160 / 44315 stop loss of 53875 closing above trend line