WaveXplorer

WaveXplorer

The Nifty 50 has completed a 5-wave impulse on the 1-hour timeframe, with Wave ⑤ tagging a fresh lower low at 24,918, just under the previous swing. While price made a lower low, RSI made a higher low, forming a bullish divergence just above the oversold zone. This often indicates weakening bearish momentum and a potential for a short-term bounce or a larger...

WaveXplorer

From the high of 25,669.35, NIFTY has been correcting in a WXY pattern. After completing Wave W and topping out at 25,587.50 as Wave X, the index began its Y leg with a sharp drop to 25,384.35 — likely Wave A of Y. Price action since then is showing early signs of a contracting triangle on the 1-minute chart, possibly Wave B of Y. If valid, a breakdown from this...

WaveXplorer

After completing the first upward leg from the March low near 483.70, LIC Housing Finance rallied sharply to 623.90. This rise is being marked as wave 1 or A, depending on whether the structure develops into an impulse or a zigzag. After that peak, a correction was expected. Initially, price dropped to 565.40 in a clear abc formation, which could have marked the...

WaveXplorer

After completing a complex W-X-Y-X-Z correction earlier this year, Bajaj Auto appears to have started a fresh impulsive rally. The move from 7,089 to 9,004 looks like a 5-wave structure in progress, with the chart now suggesting Wave 4 is unfolding as a contracting triangle. Wave E of the triangle seems close to completion near the lower boundary. SMA100 is...

WaveXplorer

TATA Consumer has completed a textbook corrective structure from its recent high of 1180.50. The entire correction unfolded as an ABC zigzag, neatly contained within a falling channel. Within wave C of this zigzag, price action formed an ending diagonal, with wave 4 overlapping wave 1—confirming the diagonal structure and marking the completion of higher-degree...

WaveXplorer

RattanIndia Power, a penny stock, has been making the rounds lately with a sharp rally from ₹8.51 to ₹16.24. The buzz is strong, and retail interest is rising—but even with penny stocks, it’s worth taking a proper technical look before jumping in. The current structure resembles a flat correction, forming after what appears to be a completed Wave 3. Price...

WaveXplorer

Since peaking near ₹654, REC Ltd has been in a steady corrective phase, shedding close to 40% of its value. From an Elliott Wave perspective, this decline appears to be unfolding as a W–X–Y corrective structure, which typically consists of two corrective sequences (W and Y) connected by another correction (X). The first leg, Wave W, unfolded as a clear ABC move...

WaveXplorer

🔍 Introduction This analysis starts from the 1-hour timeframe, where price action shows signs of exhaustion at the tail end of a 5-wave decline. A classic ending diagonal in wave c, along with bullish RSI divergence, points toward a potential short-term reversal — possibly the start of Wave B in a larger A-B-C corrective structure. We then zoom out to place this...

WaveXplorer

After a strong 5-wave rally from 176.00 to 268.95, BHEL may be entering a corrective phase — either a regular, expanding, or even a running flat. Price has formed a potential double top at 268.95/268.40. The pullback from here could complete a Wave C within the 245–232 zone, supported by Fibonacci extensions and prior structure. 🔻 Short-term bias: bearish,...

WaveXplorer

From the darling of India’s EV⚡️revolution to a stock that's lost nearly 70% of its value, Ola Electric Mobility Ltd has had quite the ride — and not the smooth kind. But with price approaching critical technical levels and management throwing around words like “EBITDA breakeven,” a big question looms: Is Ola Electric bottoming out — or is more pain on the road...

WaveXplorer

After tagging the all-time low at 597, price started a steady climb. The structure unfolding looks like a potential leading diagonal, not a typical impulsive sprint. Wave 1 pushes up to 731.75, followed by a sharp drop to 640 — a classic deep Wave 2, but still holding above the origin. From there, Wave 3 stretches to 777.4, slightly longer than Wave 1, keeping...

WaveXplorer

Following the completion of Wave 3 — an impulsive rally from the 205 low — ONGC entered what looks like a classic Wave 4 triangle. The internal structure — labeled A through E — unfolded in a controlled, converging fashion, respecting the triangle boundaries. Wave E recently ended near 241.54, right on top of the 100-day simple moving average, which has acted as...

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Natural Gas Futures (MCX) is showing an interesting Elliott Wave structure unfolding. After completing a corrective Y wave near 133.6, prices started a well-defined impulsive advance. The initial advance took shape as a 5-wave structure (yellow degree), completing wave 1 at 261.2, followed by a healthy correction into wave 2 at 156.7. The subsequent rally carved...

WaveXplorer

TCS - Potential Nested 1-2 / 1-2 Setup After completing a higher-degree corrective phase, TCS has likely begun a new impulse sequence. The structure so far suggests a nested 1-2 / 1-2 setup: Higher-degree Wave 1 peaked near 3630.50, followed by a corrective Wave 2 into 3358.70. Inside the new sequence, minor wave i topped at 3538.00, with a minor wave ii...

WaveXplorer

AU Small Finance Bank has delivered a impulsive rally over the last few months. Starting from the March lows near 478, price unfolded into a clean 5-wave structure that carries all the classical Elliott Wave characteristics. Each leg followed the rules beautifully — with Wave 3 extending nicely, Wave 4 forming a triangle, and Wave 5 launching higher from...

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Bharat Electronics is unfolding a clean impulse. After completing Wave ii at 304.80, price surged into Wave iii, which has now reached the 1.618 Fibonacci extension near 410. Interestingly, while price made new highs, RSI is showing early signs of bearish divergence, hinting at a possible Wave iv pullback. The retracement zone between 385 and 370 may act as...

WaveXplorer

Big Picture Structure — Daily Timeframe After peaking at 9996, Crude Oil entered a prolonged complex corrective phase, unfolding as a W-X-Y-X-Z structure, reflecting a Elliott Wave complex correction pattern. Wave W formed via an initial abc decline. Wave X delivered a corrective bounce. Wave Y unfolded into another abc leg down. A second X followed,...

WaveXplorer

Tata Motors has completed a clear five-wave advance from the April low of 535.75 to a high near 742, which is being marked as wave 1. After that peak, the stock entered a corrective phase and has now dropped into what appears to be an a-b-c structure (expanding flat), likely forming wave 2. The recent decline has reached the 1.618 extension of wave a, with wave c...