NIFTY50 Analysis ScenariosNifty 50 IndexNSE:NIFTYNEoWave-ChartNIFTY briefly went below 25000 points but could not consolidate so a possible scenario is that X- wave is forming, triangle - X - triangle and then the upward movement starts. Alternative scenario If the end of wave-c of the reverse triangle breaks (red horizontal line), NIFTY could decline to the specified range. Good luck NEoWave Chart