Nifty analysis with Time Speculation Daily TimeFrame (Shorting)

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니프티 50 인덱스 (NSE:NIFTY)

NSE:NIFTY 니프티 50 인덱스

trendanalysis chartpattern indicator nifty50 nifty nse niftyindex macdivergence niftyoverbought fibonacciretracement nifty50analysis

Hi
ac we can see there are regular Bearish Divergence with MACD Lines and Histograms which is the sign of trend reversal and price correction...
the index was bullish from march 2020 as the corona pandemic made a huge fall in the economy so post pandemic we can see the market had a bullish return to its past trend and even made new ATH, so to me we are now at the Overbought zone and soon we should face some correction and retracements.
the Fibonacci golden areas can be used as some safe and rational TP targets and clubbing it with MACD will give us better vision of the market status.
I have speculated some dates with Higher Lows data by Fibonacci Time Base tools, which we may see the TP zones but these dates are at most and the Specified TPs can occurs at any given time before these dates even...

please refer to the Snapshot analysis for the prices and specified time in the link below and it helps us to see the Idea grows as the time passes...