Saturday, July 20, 2013

BSE Sensex - Ichimoku Study - Week: 15 July to 19 July: 2013 - Bulls level up to previous peaks

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 19 July'13

Introduction / Primer to Ichimoku, can be read at this link (click). 

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

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

Bullish Cross of the Tenkan Sen & Kijun Sen produces 4th week of gains for the Bulls #2.

Looking Forward into the next Week:

Bears can consider the Chikou Span slipping below the Price Line #1.
Gap between the Tenkan Sen - Kijun Sen is again steady - Bearish Cross on, if rate of Price Climb does not increase #2.
Flat Senoku Span B can attract the Price line towards it. #3.

Bulls watch for the Chikou Span keeping above the Price line - Bears  place their hope on Gravity and a Flat Kumo #3 ...