Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern. All calculations are marked in the chart. As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL...
Nifty has completed the Diametric Pattern as per NeoWave analysis. Nifty has also completed retracement of 61.8% of the entire fall which started on Jan 20, 2020. The daily chart shows a reversal warning with an Engulfing Bearish Pattern. Any fall below 10000 will show very strong bearish moves in Nifty. Thus B wave of the correction seems complete ...
As seen in my analysis, Nifty is forming a Bow-Tie Diametric pattern. This is the last leg of the long term Ascending Triangle with 10100 levels as base. All chart markings are self explanatory.