Market Structure Research — Not Predictions

Independent, educational analysis using Elliott Wave structure, time-based corrections, and trend context across global markets.

Friday, 6 February 2026

NSE – NIFTY 750 | Divis Laboratories Limited | 06 Feb 2026

Overview

Monthly structure view of Divis Laboratories Limited as part of the NIFTY 750 Structure Census.
This study focuses exclusively on long-term structural behaviour and regime characteristics, not short-term price forecasting.

Structure Position

  • Structure assessed from earliest reliable data

  • Regime-shifted impulse structure with long-term rising support observed

  • Structural strength remains embedded within a higher-degree trend framework

Market Context

Divis Labs transitioned from an early accumulation phase into a sustained impulsive advance.
Post-transition behaviour shows trend continuity with periodic consolidations, typical of mature primary uptrends.

Key Zones & Levels

  • Long-term rising structural support remains intact

  • Current price action is positioned well above historical base zones

  • No structural violation observed at the primary timeframe

Expected Behaviour

  • Higher-level consolidation within an established uptrend

  • Alternation between advance and pause phases likely to persist

  • Structural continuation remains valid unless key supports fail

Invalidation / Risk Levels

  • Sustained breakdown below long-term rising support would challenge the current structural thesis

  • Until then, structure remains constructive at the monthly degree

Conclusion

Divis Laboratories continues to display a regime-shifted impulse structure, currently digesting gains through higher-degree consolidation.
This update provides structural context only and should not be interpreted as a directional or trading call.

Disclaimer:
This is a long-term structural study for educational and analytical purposes only. Not investment advice.

https://www.tradingview.com/chart/DIVISLAB/YT9f5YhZ-NSE-NIFTY-750-Divis-Laboratories-Limited-06-Feb-2026/

#NIFTY750 #EquityStructure #MarketStructure #DivisLabs #IndianEquities #LongTermCharts #EWAVESJOURNAL

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NSE – NIFTY 750 | Maruti Suzuki India Limited | 06 Feb 2026

 

Overview

This post is part of the NIFTY 750 – Structure Census, a long-term market structure study based on monthly data.
The objective is to document structural behaviour and regime characteristics, not to issue trade calls or targets.

Structure Position

  • Structure assessed from earliest reliable data

  • Regime-shifted impulse structure with long-term rising support observed

  • Post-2009 transition marks a clear structural change from range to sustained advance

Market Context

  • The advance from the 2009 lows shows impulsive characteristics with higher-degree continuity

  • Subsequent corrections remain structurally contained within rising support

  • No evidence of structural damage at the higher timeframe

Current Phase

  • Mature impulse with higher-level consolidation in progress

  • Price is digesting gains rather than breaking structure

  • Behaviour suggests continuation within the dominant regime unless proven otherwise

Key Structural References

  • Long-term rising support acts as the primary structural anchor

  • Consolidation is occurring above prior breakout zones

  • Volatility expansion is limited relative to prior impulse legs

What This Is / Is Not

  • ✅ Structural and behavioural assessment

  • ❌ Not a directional forecast

  • ❌ No upside/downside targets implied

Conclusion

Maruti Suzuki remains within a regime-shifted impulsive structure on the monthly timeframe.
The current phase reflects maturity and consolidation, not trend failure.
Further conclusions will depend on how price resolves relative to long-term structural support.

Disclaimer:
This is a structural study for educational and analytical purposes only. Not investment advice.

https://www.tradingview.com/chart/MARUTI/Sopjn2SR-NSE-NIFTY-750-Maruti-Suzuki-India-Limited-06-Feb-2026/

#NIFTY750 #MarutiSuzuki #EquityStructure #MarketStructure #IndianEquities #LongTermCharts #EWAVESJOURNAL

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NSE – NIFTY 750 | NTPC Limited | 06 Feb 2026


Overview

This post is part of the NIFTY 750 – Structure Census, documenting the long-term monthly structure of NTPC using the earliest reliable price data available.
The objective is structural understanding, not prediction or trade guidance.

Structure Position

  • Long historical phase marked by range-bound behaviour

  • Clear regime shift post-2020, transitioning into an impulsive advance

  • Current structure reflects range → regime shift → impulse

Market Context

  • Post-2020 rally represents a structural re-rating, not a short-term breakout

  • Price has expanded rapidly into higher price territory after years of compression

  • Volatility expansion is consistent with early-to-mid impulse behaviour

Key Zones & Levels

  • Post-2020 rising trendline acts as primary structural support

  • Upper zone currently behaving as higher-range consolidation

  • No structural breakdown observed so far on the monthly timeframe

Expected Behaviour

  • Consolidation within a higher range is structurally healthy

  • Further directional clarity will emerge only after this consolidation resolves

  • Until then, continuation or extension remains context-dependent, not assumed

Invalidation / Risk Levels

  • Structural risk emerges only on sustained loss of post-2020 rising support

  • Below that, the structure would shift back into a broader range regime

Conclusion

NTPC has transitioned from a long-standing range into a post-2020 impulse regime.
The current phase is best interpreted as higher-degree consolidation, not trend failure.

This is a structural study, not a directional or investment call.

https://www.tradingview.com/chart/NTPC/dJSHoBrb-NSE-NIFTY-750-NTPC-Limited-06-Feb-2026/

#NIFTY750 #NTPC #EquityStructure #MarketStructure #LongTermCharts #StructuralAnalysis #EWAVESJOURNAL

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NSE – NIFTY 750 | JSW Steel Limited | 06 Feb 2026

Overview

Monthly structure view of JSW Steel Limited as part of the NIFTY 750 Structure Census.
This analysis focuses on long-term structural behaviour and regime characteristics.

Structure Position

Structure assessed from earliest reliable data.
Cyclical / regime-shift structure observed, with post-2009 rising structural support.

Market Context

Price behaviour transitioned from earlier cyclical phases into a stronger structural regime after 2009.
Subsequent corrections have respected higher-degree rising support.

Key Zones & Behaviour

• Long-term rising support remains structurally important
• Pullbacks are corrective within the broader regime
• No higher-degree structural damage observed

Expected Behaviour

Price may continue to consolidate or advance while structural support is respected.
Directional resolution will depend on future structural confirmation.

Conclusion

This is a structural assessment, not a directional or trading call.

Disclaimer:
This analysis is for educational and structural study purposes only. It is not investment advice.


https://www.tradingview.com/chart/JSWSTEEL/c8N63vG5-NSE-NIFTY-750-JSW-Steel-Limited-06-Feb-2026/


#NIFTY750 #EquityStructure #MarketStructure #JSWSteel #IndianEquities #LongTermCharts #EWAVESJOURNAL

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NSE – NIFTY 750 | UltraTech Cement Limited | 06 Feb 2026

Overview

Monthly structure view of UltraTech Cement Limited as part of the NIFTY 750 Structure Census.
This study focuses on long-term price behaviour, regime characteristics, and structural integrity, not short-term direction.

Structure Position

Structure assessed from earliest reliable data.
A long-term rising structural support is clearly observed, with price respecting the primary growth trajectory over multiple market cycles.

Market Context

  • Early impulsive expansion followed by broad consolidation phases

  • Corrections have remained structurally corrective, without higher-degree damage

  • Trend continuity preserved across stress events

Key Zones & Levels

  • Primary rising support: intact (long-term)

  • Upper structure: gradual expansion, no vertical excess

  • Current price operating near upper structural band

Expected Behaviour

  • Continuation of structural holding behaviour as long as rising support remains respected

  • Consolidation within the broader trend remains a valid structural outcome

Invalidation / Risk Levels

  • Sustained violation of long-term rising support would indicate a structural regime change

  • No such evidence at present

Conclusion

UltraTech Cement continues to exhibit a well-defined long-term rising structure, with corrections remaining corrective in nature.
This update reflects structural condition only, not a directional or timing call.

Disclaimer: This is a structural study for educational and analytical purposes. It is not investment advice.


https://www.tradingview.com/chart/ULTRACEMCO/5qnSudc8-NSE-NIFTY-750-UltraTech-Cement-Limited-06-Feb-2026/


#NIFTY750 #UltraTechCement #EquityStructure #MarketStructure

#LongTermCharts #IndianEquities #StructureCensus #EWAVESJOURNAL 

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Thursday, 5 February 2026

SILVER — Structure Under Stress (XAGUSD & MCX)

 Date: 05 Feb 2026

Overview

Silver has experienced a sharp impulsive decline, causing structural damage after a strong prior advance. The current recovery attempt lacks impulsive characteristics and is best treated as corrective, not trend-reversing.

Both XAGUSD (global reference) and MCX Silver (local execution) confirm this view, despite MCX’s known price distortions.



Structure Position

  • Prior advance: Impulsive

  • Recent selloff: Impulsive down → confirms trend damage

  • Current move: Corrective / overlapping

  • No confirmed bullish impulse yet

This is a repair phase, not a fresh trend.

Market Context

  • Volatility remains elevated

  • Overlapping candles suggest distribution / corrective behaviour

  • Time-based correction is more likely than directional expansion

Key Zones & Levels

XAGUSD (3H)

Support / Demand

  • 78.5 – 80.0 → major demand

  • 74.5 – 75.0 → last defence

  • 71.5 → breakdown level

Resistance / Supply

  • 86.5 – 88.0 → immediate cap

  • 93.0 – 95.0 → major corrective ceiling

MCX SILVER (3H)

(Execution follows XAGUSD direction, not independently)

Support / Demand

  • 245,000 – 248,000

  • 235,000 – 238,000

  • 225,000 → structural base

Resistance / Supply

  • 270,000 – 275,000

  • 290,000 – 295,000

  • 300,000+ → requires full structural repair

Decision Zones

  • XAGUSD 80 / MCX 245k → must hold to avoid renewed decline

  • XAGUSD 88 / MCX 275k → must clear for corrective extension

Invalidation / Risk Levels

  • XAGUSD below 71.5 → bearish continuation confirmed

  • MCX below 225k → structural breakdown

  • Acceptance above XAGUSD 95 / MCX 300k → current view invalid

Expected Behaviour

  • Choppy, overlapping price action

  • Sharp moves with quick reversals

  • Structure favours patience over prediction

Conclusion

Silver remains structurally damaged after an impulsive selloff.
Current recovery is corrective.
Directional clarity only comes outside the defined zones.


https://www.tradingview.com/chart/XAGUSD/lDEheCkY-SILVER-Structure-Under-Stress-XAGUSD-MCX/


#Silver #XAGUSD #MCXSilver #MarketStructure #ElliottWave #Commodities #TechnicalAnalysis 

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NSE – NIFTY 750 | Infosys Limited | 05 Feb 2026

 

🔍 Overview

Monthly structure view of Infosys Limited as part of the NIFTY 750 Structure Census.
This study focuses on long-term structural behaviour and regime characteristics, without short-term or directional bias.

🧱 Structure Position

  • Structure assessed from earliest reliable data

  • Long-term rising structural support observed

  • Multi-cycle advance maintained despite intermittent corrections

  • No structural breakdown visible on the monthly timeframe

🌍 Market Context

  • Infosys has sustained its structure across multiple market regimes

  • Major global and domestic drawdowns were absorbed without long-term damage

  • Pullbacks remained corrective in nature within the broader structure

📐 Key Zones & Levels (Structural)

  • Long-term rising support defines the dominant structure

  • Upper zone reflects historical supply and consolidation, not exhaustion

  • Levels are contextual, not actionable

🔄 Expected Behaviour (Structure-Based)

  • Continuation of higher-range consolidation likely within the long-term structure

  • Directional resolution not assumed at this stage

  • Behaviour remains constructive as long as structural support holds

🚦 Invalidation / Risk Levels

  • Sustained violation of long-term rising support would weaken the current structural view

  • No short-term invalidation implied

🧾 Conclusion

Infosys continues to exhibit a long-term rising structural framework, with the current phase reflecting higher-level consolidation rather than trend termination.

This is a structural update, not a directional call.


#NIFTY750
#StructureCensus
#EquityStructure
#MarketStructure
#LongTermCharts
#IndianEquities
#EWAVESJOURNAL
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