- On Weekly timeframe, NAS is in a solid Bullish trend and seems to be forming an ABCD pattern with D point projection at 20500.
- As per Seasonal bias of NAS, it is bullish 6/9 times in MAR, 7/9 times in APR (current month) and 6/9 times in MAY so we can expect the Bullish trend to continue.
Overall, if we combine Weekly timeframe analysis and Seasonal bias, it looks like NAS will continue the bullish rally till July 2024.
And for now, its making a Retracement and the two levels to watch are 17430 and 16785.
Let's see how it goes.
Follow your Strategy and Risk Management plan, All the best!
~ Usama