2 days ago
Six F&O Stocks Show Diverging September Seasonal Signals
The article studies how six Indian stocks have behaved during September in past years.
Three stocks had usually performed well in that month.
They are PG Electroplast, Mazagon Dock and TVS Motor.
Three others had usually performed poorly: Bharat Dynamics, HDFC AMC and Nippon Life Asset Management.
The study also looks at chart patterns that may support the historical trends.
TVS Motor had positive Septembers most often, while PG Electroplast had the highest average return.
Bharat Dynamics had the weakest average September performance.
The author warns that past patterns can change and should not be treated as guaranteed predictions.
PG Electroplast, Mazagon Dock and TVS Motor are identified as bullish September candidates.
Bharat Dynamics, HDFC AMC and Nippon Life Asset Management are identified as bearish candidates.
TVS Motor had the strongest seasonal consistency, with positive September performance in 93% of the years analyzed.
PG Electroplast recorded the highest average September return at 14.25%, while Bharat Dynamics had the weakest at -5.72%.
The analysis says seasonality should be used as a filter alongside technical patterns, not as a standalone trading signal.
- Who
- An analysis by independent research analyst Brijesh Bhatia examines six F&O stocks.
- What
- The analysis identifies three stocks with historically bullish September patterns and three with historically bearish patterns.
- Where
- The stocks discussed are Indian-market companies.
- When
- The analysis focuses on September and historical September performance.
- Why
- The purpose is to compare recurring September returns with current technical chart structures, while noting that seasonality is not a standalone trading signal.
Key facts
- Bullish candidates
- PG Electroplast, Mazagon Dock and TVS Motor
- Bearish candidates
- Bharat Dynamics, HDFC AMC and Nippon Life Asset Management
- PG Electroplast average September return
- +14.25%
- Mazagon Dock positive September ratio
- 80%
- TVS Motor positive September ratio
- 93%
- Bharat Dynamics average September return
- -5.72%
- Data limitation
- Historical seasonality is presented as a filter, not a standalone forecast or recommendation.









