Incomplete rankings on a set of items $\{1,\; \ldots,\; n\}$ are orderings of the form $a_{1}\prec\dots\prec a_{k}$, with $\{a_{1},\dots a_{k}\}\subset\{1,\dots,n\}$ and $k < n$. Though they arise in many modern applications, only a few methods have been introduced to manipulate them, most of them consisting in representing any incomplete ranking by the set of all its possible linear extensions on $\{1,\; \ldots,\; n\}$. It is the major purpose of this paper to introduce a completely novel approach, which allows to treat incomplete rankings directly, representing them as injective words over $\{1,\; \ldots,\; n\}$. Unexpectedly, operations on incomplete rankings have very simple equivalents in this setting and the topological structure of the complex of injective words can be interpretated in a simple fashion from the perspective of ranking. We exploit this connection here and use recent results from algebraic topology to construct a multiresolution analysis and develop a wavelet framework for incomplete rankings. Though purely combinatorial, this construction relies on the same ideas underlying multiresolution analysis on a Euclidean space, and permits to localize the information related to rankings on each subset of items. It can be viewed as a crucial step toward nonlinear approximation of distributions of incomplete rankings and paves the way for many statistical applications, including preference data analysis and the design of recommender systems.