Cyient Limited– Tracking the Final Leg of Wave C

After completing a strong 5-wave impulse from ₹184 to the all-time high at ₹2,458.95, Cyient appears to be working through a textbook A–B–C correction.

Wave A bottomed near ₹1,671, followed by a sharp B-wave bounce to ₹2,157.

From there, the market entered Wave C, which is unfolding as a five-wave decline:

• Wave 1 down to ₹1,695.10
  
• Wave 2 bounce to ₹2,112
  
• Wave 3 extended lower to ₹1,084
  
• Wave 4 recovery capped near ₹1,321 (also the 0.5 retrace of the C-leg)
  
• Wave 5 is in progress, with downside potential toward the 0.618 retracement at ₹1,053.
  

On the momentum side, RSI is hovering in the mid-40s, reflecting weak but stabilizing momentum.

Key Levels to Watch

• ₹1,321 (0.5 retrace) – a break above this weakens the immediate bearish case.
  
• ₹1,053 (0.618 retrace) – possible termination zone for Wave C.
  

If Wave C completes near the Fibonacci cluster, it could mark the end of the corrective phase and set the stage for the next larger-degree advance. Until then, price action remains corrective with one leg potentially left on the downside.

Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.