Have We Entered Bear Market ?
As per Elliot Waves and Stage Investing theory, yes we have enetred in a bear market.
Logic 1-based on Daily Chart.
a) Triple Top Failure
b) After April 2020, the fall is in 5 waves -first time. In EW , any fall or rise in 5 waves is known as impulsive. That means the market would now move towards the direction of impulsive wave …in this case, first V waves are part of wave A, would be followed by Wave B ( 3 waves) and then C Wave should follow (another 5 waves)
c) Most of the sectors have completed their 5 waves , so Nifty waves and majority of sectors’ ways are in tandem.
Logic 2 -Weekly Charts
a)Have broken 30 EMA as well as 40 EMA (200 DMA)
b) Had broken these earlier too, but the rise was in 3 waves ( that means a corrective bounce ,a corrective wave in EW terms)
What we should expect now 
Possibilities as per daily chart -Levels mentioned in the chart:
(B wave -61.8% recent decline)
Here is what an ABC decline looks like …market may not move like these clean lines , but it reprents the bigger picture.
Possibility as per monthly chart
We might stop at 20 months avergae - dotted yellow line… that may go up or down as per the movement in next few weeks.
Disclaimer: These are probabilities, market is supreme .Take a guess but listen to what market is saying ---- these set-ups as per one view, to work in the markets, we need to make certain assumptions. Some other EW guy might have certain other vies as in EW , you get several set-ups.
In nutshell : Be catious, be careful in adding falling knive