WaveXplorer

WaveXplorer

The recent price action in MCX has completed a 5-wave impulsive sequence, giving us valuable insights into potential upcoming moves. The Larger Picture (Daily Timeframe) : Starting from the prior major low, we have witnessed a clean impulse structure unfolding. Wave 3 topped at 7,048.60, completing its previous impulse sequence. Following this, a textbook...

WaveXplorer

JINDAL STEEL & POWER appears to be constructing an initial impulsive advance that may very well be taking the form of a Leading Diagonal. The advance from the 770 lows has so far developed into a structure where Wave 4 has overlapped with Wave 1 territory, suggesting that a classical impulse structure may not be applicable here. Instead, the price action fits...

WaveXplorer

Tesla’s price structure has taken traders on quite a journey, and after peeling back the layers, it's clear that both bullish and bearish possibilities demanded attention — but only one holds more weight for now. The first sign of life came at the March low, where price made a lower low (218.13 to 214.25), but RSI formed a higher low. This classic bullish...

WaveXplorer

Gold Futures on the MCX chart is showing a classic Elliott Wave pattern in play. After forming a regular flat correction with a double top near the 99,300–99,200 zone, prices have started to drift lower. The double top structure—combined with the completion of Wave B—suggests that a Wave C decline is underway. Wave A took the price down to around 90,890, followed...

WaveXplorer

After completing a sharp five-wave rally that ended near 4592, TCS entered a classic zigzag correction. The drop from the top formed an A-B-C pattern where Wave A brought prices to 3913, followed by a corrective bounce to 4489 for Wave B, and then a strong decline to 3056 completing Wave C. This entire move looks like a textbook zigzag correction and marks a...

WaveXplorer

In this chart, we are looking at a possible WXYXZ complex correction unfolding on the daily timeframe. After Wave W and a connecting Wave X, we saw a sharp drop forming Wave Y. The next bounce, which is labeled as Wave X2, appears to be a clean five-wave impulse. While it's not very common, impulsive waves can occur as connectors in complex corrections, especially...

WaveXplorer

After completing an ABC correction at ₹651.50, Paytm (One 97 Communications) has formed a clean 5-wave impulsive move upward. The current structure shows Wave 5 progressing, with internal subwaves 1-2-3-4-5 clearly visible within it. The projected target zone for Wave 5 lies between ₹938.50 and ₹1,012.95, derived from 1x and 1.618x of Wave 1 measured from Wave 4....

WaveXplorer

After completing a long WXY correction, Jindal Stainless has flipped into a strong uptrend. The price broke above the downtrend channel and also reclaimed the 200-day moving average — confirming strength. The rally from 504 has unfolded as a nested 1-2, 1-2 impulse, and the wave 5 has now entered its 1 to 1.618 projection zone. We’re likely entering a blue Wave 4...

WaveXplorer

ALKEM continues to respect its larger downward channel, forming what looks like a classic W-X-Y corrective structure. Wave W unfolded as a zigzag . Wave X developed as a contracting triangle , ending near ₹5400. The current drop appears to be the start of Wave Y , possibly forming another zigzag. As long as price stays below ₹5460 (the 0.5...

WaveXplorer

Kotak Bank appears to be in the final stages of a WXYXZ complex correction on the weekly timeframe, with a zigzag pattern unfolding in Wave Z . A rejection from the 2301.90 zone has initiated a clean 5-wave decline, setting the tone for the final leg of the corrective structure. This analysis combines high-level structure from the weekly chart with internal...

WaveXplorer

After a soul-sucking 11-month correction that chewed through every classic pattern — flats, triangles, zigzags, combos — CUMMINS INDIA may finally be ready for lift-off. A WXYXZ correction has reached its climax in a clear Wave 4 low near ₹2580, completing the complex structure inside a descending channel. But the game changed when price: Broke the 200 SMA ...

WaveXplorer

BSE Ltd appears to have completed a five-wave impulsive advance following a prior flat correction. Wave 5 has reached the 1.618 Fibonacci extension of Wave 1 and touched the upper boundary of a well-defined ascending channel — suggesting a potential short-term top. If a correction unfolds from here, it may take the form of a zigzag or a flat. Key Fibonacci...

WaveXplorer

Every chart tells a story, but sometimes... you need boxes to make sense of the chaos. Here's how the price action of HLI unfolded through four carefully framed boxes, each revealing a new chapter of this market narrative. Box 1: The Fall Begins The first act opens with a classic five-wave impulse decline from the high of $191.99 to $164.05. Textbook. Every...

WaveXplorer

After a corrective decline from Microsoft’s All-Time High at $467.70, we’ve been tracking a potential complex structure unfolding — and the recent price behavior fits right into a well-formed W–X–Y–X–Z pattern . In this latest move, we may be witnessing the final stages of the second X-wave (X2) — a sharp and extended rally that reached $462.52, pushing...

WaveXplorer

TCS appears to have completed a textbook Zigzag correction (A-B-C) ending at ₹3056.05 — right at the long-term trendline support that has held since 2020. From this base, the structure is now forming a clean impulsive sequence : Wave 1 topped at ₹3630.50 Wave 2 retraced to ₹3451.30, holding between 0.236–0.382 retracement zones The current rally may be...

WaveXplorer

From the Grand Supercycle perspective on the monthly chart, we can observe a consistent pattern — every major a-b-c corrective phase has unfolded as a form of flat correction before the next rally. Based on this historical rhythm, and the current market structure, I believe we are still in the process of completing Wave V of the Grand Supercycle. This...

WaveXplorer

Following up on my previous analysis, I’ve adjusted the wave counts for 1 and 2 within the final wave C. One key observation is that wave 3 ended exactly at 1.618x wave 1, reinforcing the need to remap the earlier structure. Currently, Nifty seems to be in wave 4 retracement, and I’ve marked a potential reversal zone (green box) based on Fibonacci levels. If this...

WaveXplorer

Nifty50 is trading within a falling wedge pattern, typically a bullish reversal structure. The daily candle has touched the lower Bollinger Band, signaling a potential bounce, and the RSI at 29 is deep in oversold territory. While the index continues to respect the downward channel, a short-term bounce of at least 1% is likely to fill the recent gap and...