Hester Biosciences — 20% Upside Setup from ₹1,876Hester Biosciences is shaping up as one of the strongest emerging momentum plays in the animal healthcare space, with both technicals and fundamentals aligning after a blockbuster March 2026 quarter.
Why the setup looks bullish
PAT more than doubled YoY, signaling a sharp turnaround in profitability.
EPS exploded 1,138%, confirming that earnings momentum is accelerating aggressively.
Latest March quarter numbers show a massive operational recovery:
Revenue surged to ₹1,879 Cr
Operating Profit jumped to ₹1,598 Cr
Net Profit came in at ₹1,552 Cr
EPS expanded to ₹47.83
Management commentary from the Animal Healthcare segment clearly stated business is “recovering from this quarter onwards.”
Recently received licensing approval for the H9N2 Avian Influenza vaccine, opening an entirely new unmodelled revenue vertical that the market may not have fully priced in yet.
Balance sheet strength improved materially with Debt-to-Equity reduced to just 0.19×.
Technical Structure
ADX at 61 is the strongest trend reading among peers — indicating a powerful directional move already underway.
MACD remains bullish, supporting continuation momentum.
Volume is neutral at around 0.9× average, which means the rally still has room before euphoric participation enters.
A previous death cross occurred roughly 150 days ago, but it is now considered stale as price structure and momentum indicators have completely reversed trend conditions.
Trade Setup
CMP: ₹1,876
Upside Target: ₹2,250
Potential Upside: ~20%
Thesis
This is no longer just a recovery story. The combination of:
earnings inflection,
new vaccine monetisation,
improving margins,
stronger balance sheet,
and extremely strong trend strength
creates the conditions for a sustained re-rating move.
If momentum sustains above current breakout levels, ₹2,250 looks achievable over the coming swing cycle. 
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XAUUSD: Weekly Structure Remains Bearish◈ XAUUSD: Weekly Structure Remains Bearish
Gold spent most of this week trading under pressure, with each recovery attempt failing below the broader descending structure. From Kelly’s view, the current consolidation around 4,490–4,525 still looks more like a pause before continuation than a confirmed bullish reversal.
⟡ Market structure
Price rejected from the higher trendline area earlier in the week, then moved lower into the marked sell zone and sellside liquidity region. Buyers have tried to stabilize the market, but gold has not reclaimed the key resistance zone above 4,550–4,600.
➤ Key levels
◌ 4,550–4,600: main recovery resistance
◌ 4,492: short-term decision zone
◌ 4,437: sellside liquidity support
◌ 4,354: deeper support and possible reaction zone
⌁ Elliott view
The current movement still suggests gold may be developing the final part of a bearish sequence. The recent sideways action could be a small corrective wave before another downside extension.
▸ What matters next
If price continues to stay below 4,550, sellers may keep control and push gold back towards 4,437, then potentially 4,354 if momentum expands.
A clean break above 4,600 would be needed to weaken the bearish structure and shift the short-term outlook.
⌁ Kelly’s view
For Kelly, this remains a sell-the-rebound structure. The market is not collapsing aggressively, but it is also not reclaiming resistance with strength.
The weekly message is clear: gold is stabilizing, but the broader structure still favors downside risk while resistance holds. 
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TCS Technical Analysis View — Weak Bias Below 2,450Key Points
1. TCS is trading with a cautious-to-weak tone
TCS is currently moving near the lower end of its recent trading range. The stock has struggled to build strong upside momentum and remains under pressure compared with its longer-term trend.
2. Immediate resistance is near 2,400–2,450
The first resistance zone is placed around 2,400–2,450. If the stock sustains above this range, the next upside levels to watch are around 2,500–2,550. A close above 2,550 would improve the short-term structure.
3. Key support is near 2,300–2,250
On the downside, support is visible around 2,300, followed by 2,250. If TCS breaks below this zone, selling pressure may increase and the stock could move toward 2,220–2,200.
4. Momentum indicators remain weak
The stock is trading below important moving average zones, which keeps the broader trend under pressure. Momentum indicators suggest that buyers have not yet gained full control.
5. IT sector sentiment will be important
TCS may continue to move in line with broader IT sector trends, global tech sentiment, currency movement, and demand outlook for IT services. Any improvement in sector sentiment could support a recovery, while continued weakness may limit upside.
Takeaway
TCS currently has a cautious-to-weak short-term setup. The stock needs to sustain above 2,400–2,450 to regain bullish momentum. On the downside, 2,300–2,250 is the key support band to watch. A breakout above 2,550 can push the stock toward 2,600–2,650, while a fall below 2,250 may invite fresh selling pressure.
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NIFTY : Gameplan for 22-May-2026Good Morning Traders! 📈
Today’s market setup is very important because Nifty is trading near a major resistance zone. The opening move will likely decide whether the market gives:
🟢 A breakout rally
OR
🔴 A fresh intraday correction
So instead of predicting, focus on:
✅ Price action
✅ Confirmation
✅ Risk management
📌 Important Levels for Today
🟡 Resistance Level: 23,786
🔴 Major Resistance Zone: 23,905 – 23,981
🟢 Support Zone: 23,442 – 23,507
🔴 Major Downside Support: 23,301
🟢 Scenario 1: Gap Up Opening (100+ Points Up)
👉 Expected Opening Above: 23,780 – 23,850+
If market opens strong with a gap-up, don’t immediately buy CALL options. Many times, expiry-style volatility creates:
⚠️ Fake breakouts
⚠️ Profit booking
⚠️ Sudden reversals
📍 What To Watch
🔹 If Nifty sustains above 23,786 after the first 15-minute candle:
🟢 Bulls may push market toward:
➡️ 23,905
➡️ 23,981
🔹 If market breaks above 23,981 with strong momentum:
🚀 Further upside rally possible
🔹 But if price gets rejected near resistance:
🔴 Intraday pullback may happen
📚 Simple Learning
A gap-up opening shows bullish sentiment, but smart traders never chase the first move.
Instead:
✅ Wait for confirmation
✅ Observe volume
✅ Enter after breakout stability
🎯 Bullish Signs
🟢 Strong candles above resistance
🟢 Higher highs formation
🟢 Good buying volume
⚠️ Warning
🔴 Failure near 23,905 – 23,981 can trigger sharp selling.
🟡 Scenario 2: Flat Opening
👉 Expected Opening Near: 23,620 – 23,760
Flat openings usually provide the cleanest trading opportunities because market direction becomes clearer after initial volatility settles.
📍 What To Watch
🔹 If Nifty moves above 23,786:
🟢 Bullish move possible toward:
➡️ 23,905
➡️ 23,981
🔹 If market remains weak below resistance:
🔴 Price may fall toward:
➡️ 23,507
➡️ 23,442
🔹 Breakdown below support zone may extend weakness toward:
➡️ 23,301
📚 Simple Learning
Flat openings help traders understand:
✅ Real market strength
✅ Institutional direction
✅ Sustainable momentum
This is why professional traders:
⏳ Wait patiently
⏳ Avoid random entries
🎯 Bullish Setup
🟢 Breakout with volume
🟢 Support holding strongly
🟢 Strong momentum candles
🎯 Bearish Setup
🔴 Weak candles near resistance
🔴 Lower high formation
🔴 Breakdown below support
⚠️ Important Note
Inside consolidation zones, markets often create:
⚡ Fake breakouts
⚡ Sudden reversals
⚡ Premium decay in options
Trade carefully and avoid emotional decisions.
🔴 Scenario 3: Gap Down Opening (100+ Points Down)
👉 Expected Opening Below: 23,540 – 23,500
A gap-down opening may create fear in the market, but blindly buying PUT options after a sharp fall can become risky.
📍 What To Watch
🔹 If support zone 23,442 – 23,507 holds:
🟢 Short-covering bounce possible toward:
➡️ 23,786
🔹 If support breaks strongly:
🔴 Bears may dominate toward:
➡️ 23,301
📚 Simple Learning
Gap-down openings often create panic selling.
Smart traders:
✅ Wait for confirmation
✅ Avoid emotional trades
✅ Observe support reaction first
🎯 Bullish Recovery Signs
🟢 Strong bounce from support
🟢 Quick recovery above opening range
🟢 Buying volume from lower levels
🎯 Bearish Continuation Signs
🔴 Sustained trading below support
🔴 Weak recovery attempts
🔴 Lower highs formation
⚠️ Important Observation
If market remains weak during first hour:
🔴 Selling pressure may continue for the whole session.
💡 Options Trading Risk Management Tips
🔵 Always use stop loss
🔵 Never risk big capital in one trade
🔵 Avoid revenge trading
🔵 Don’t average losing positions
🔵 Wait for candle confirmation before entry
🔵 Protect capital first 💰
🔵 Follow price action, not emotions
🧠 Trading Psychology
Successful trading is less about prediction and more about:
✅ Discipline
✅ Patience
✅ Risk management
Most traders lose because they:
🔴 Chase candles
🔴 Overtrade
🔴 Ignore stop loss
Professional traders:
🟢 Wait for high-probability setups
🟢 Trade calmly
🟢 Focus on consistency
📊 Summary & Conclusion
Today’s market is trading near an important resistance zone.
🔑 Key Levels To Watch
📍 Above 23,786 → Bullish momentum may continue
📍 Below 23,442 → Weakness may increase
📍 23,905 – 23,981 → Major resistance zone
Today’s strategy should focus on:
✅ Confirmation entries
✅ Price action
✅ Proper risk management
Trade smart, stay patient, and protect your capital 📈🚀
⚠️ Disclaimer
This analysis is only for educational and learning purposes.
I am not a SEBI-registered analyst or financial advisor. Please consult your financial advisor before taking any trade. Stock market and options trading involve financial risk. 
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Education
Education
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Reliance Technical Analysis View — Weak Bias Below 1,380Key Points
1. Reliance is trading with a cautious tone
Reliance Industries is currently showing weakness after facing selling pressure near higher levels. The stock is trading below important moving average zones, which keeps the short-term trend slightly negative.
2. Immediate resistance is near 1,370–1,430
The first resistance zone is placed around 1,370–1,380. If the stock sustains above this range, the next upside levels to watch are around 1,400–1,430. A close above 1,430 would improve the short-term structure.
3. Key support is near 1,335–1,290
On the downside, support is visible around 1,335, followed by 1,300–1,290. If Reliance breaks below this zone, selling pressure may increase and the stock could move toward 1,260–1,240.
4. Momentum indicators remain weak
The stock’s momentum is still not strong enough to confirm a bullish reversal. A move above the resistance zone with good volume would be needed to show renewed buying interest.
5. Broader market movement will be important
Reliance is a heavyweight stock, so its movement may remain linked with NIFTY sentiment, crude oil prices, FII flows, and overall market direction. A stable broader market could support recovery, while weak sentiment may keep pressure on the stock.
Takeaway
Reliance currently has a cautious-to-weak short-term setup. The stock needs to sustain above 1,370–1,430 to regain bullish momentum. On the downside, 1,335–1,290 is the key support band to watch. A breakout above 1,430 can push the stock toward 1,470–1,500, while a fall below 1,290 may invite fresh selling pressure.
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US market about to witness small correctionDow Jones Elliott Wave Analysis | 4H Chart
The Dow Jones Industrial Average (DJIA) appears to have completed a strong five-wave impulsive rally from the recent lows, with price now approaching a critical decision zone near channel resistance.
The current structure suggests:
Waves (1) through (5) have largely completed within a rising wedge / ending diagonal formation.
Price faced rejection near the upper trendline after Wave (5), indicating weakening bullish momentum.
The recent sharp decline from the top could be the early indication of a larger Wave (4) correction on a higher degree timeframe.
Key Technical Observations:
The rising wedge pattern is typically considered a bearish exhaustion structure.
Momentum divergence and failure to sustain above 50,000 suggest buyers are losing strength near highs.
The lower support trendline is currently acting as immediate support.
Important Levels:
Immediate Resistance: 50,000 – 50,400
Critical Support: 49,200
Major Support Zone: 48,415
Breakdown below 48,415 may confirm a larger corrective phase.
Elliott Wave Perspective:
The market may now enter:
A higher degree corrective Wave (4)
Or a broader ABC correction after completion of the impulsive structure
The green horizontal level near 48,415 becomes extremely important. Holding above this zone may lead to another upside attempt, while breakdown could accelerate selling pressure.
Trading View:
Short-term trend remains cautious below the wedge resistance.
Traders should watch for confirmation near support zones before taking aggressive positions.
Sustained weakness below support could trigger deeper correction toward lower Fibonacci retracement levels.
Overall Market Structure:
Long-term trend still remains bullish.
However, short-term exhaustion signals suggest increased volatility and possible corrective consolidation ahead.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Please use proper risk management before taking any trades.
#DowJones #DJIA #ElliottWave #TechnicalAnalysis #TradingView #WaveCountPro #USMarkets #StockMarket #PriceAction #NeoWave 
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