Saturday, July 13, 2013

BSE Sensex - Ichimoku Study - Week: 08 July to 12 July: 2013 - Bulls Surge Ahead

                     .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

New Legend: 


BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 12 July'13

Learning from the Past Week: (click here for the post)

After the Bullish '
Tenkan Sen - Kijun Sen' CrossBulls on a Roll #2.
Index keeps above the Tenkan Sen  #2.
Chikou Span cleared by the price line #1.

Bullish Cross of the Tenkan Sen & Kijun Sen produces even more gains for the Bulls #2.

Looking Forward into the next Week:

Tenkan Sen is the support the Bears need to break now #2.
Gap between the Tenkan Sen - Kijun Sen is steady - Bearish Cross possibility to be watched #2.
Chikou Span action vis-a-vis  the price line remains critically important  #1.

Chikou Span is the action point for the Bears next week ...