Seasonality is a phenomenon where price undergoes similar and predictable changes around the same period within every calendar year. These changes can happen in a specific meteorological season, growing season, quarter, month, holiday period or off-peak period. Seasonality typically happens in the commodity market. For example, there is a seasonal trend in the demand for heating oil, pushing prices higher when demand increases and lower when demand decreases. There is a seasonal trend in the supply of soybeans (related to sowing, growing and harvesting), influencing price and producing patterns along the way.
Seasonality can also be found in other markets, such as stocks, indices and Forex and there are usually fundamental reasons behind it. Finding seasonal patterns and using them to predict a trend, to filter trade ideas or to identify a tradable opportunity can give a trader an edge. Please note that individual years can vary and that seasonality itself can be subject to change. Whether it is used alone or in combination with other techniques, seasonality is a useful tool in a technical trader's toolbox.
Bull are strong above 30k bank nifty if break flag formation can head towards 30,300 -> 30,500 -> 30,3700 -> 30,900 -> 31k +++
Bears are strong Below 29500 BN can go till 29000 -> 29800 then bounce back
ichimoku cloud is green for TCS . In addition, TCS has shown bullishness with high volumes in last 3 sessions. Long build up is also observed in open interest. PCR is 1.24 indicating bullish movement in coming days.
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It will going to test it on April 18 which influences the chance of more bullish driving forces hereafter
A chance of price will go more than 10$ with in a year
BAJFINANCE looks good to be bought ONLY AROUND 1662, With SL of 1600 and TGT of 1790.
Please only buy BAJFINANCE around 1660 (CMP while posting this call is 1680+).
NSE:BAJFINANCE
After the successful retest, no harm in getting bullish Natural Gas.
Seasonal tendencies are Favourable during this time.
BUT one thing that is concerning me is Commercials getting Bearish.
But that can happen and its OK.
Still my advice is to keep a strict stop loss and TRAIL it.
In Continuation with my Last weeks commentary,
I am patiently waiting the test of the Breakout AREA.
However keep in mind, The intensity and structure of the test will be very crucial before taking a decision to go Long.
But Seasonal s and Technical s Favour LONGS.
Happy Trading NG!!!
Great Opportunity.
NG Reaching Critical Resistance with HUGE GAP staring Below.
But Use Tight Stops, as Seasonal Upward Move Tendencies are approaching!!!
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