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Monday, October 14, 2013

BSE Sensex - Ichimoku Study - The Bear Line Up 4 :- Week: 07 October to 11 October, 2013.



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 11 Oct'13



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



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

The Senkou Span A&B stay met, Tenkan Sen and Kijun Sen also stay met and they all read 19094.20  - a rare sight, fourth straight week in a row #5.
Bulls extend gains reaching up to recent highs #2.


Bears hold on to their last line #5..Bulls near previous Highs #2.




Looking Forward into the next Week:


The Senkou Span B crossing above the Senkou Span A #4 or the Tenkan Sen above the Kijun Sen #3 would give the Bulls the Medium Term Screen completely.

Bears manage to hold their border with this line up  #5. 
Chikou Span remains close enough to Price Line - deflection or cross a few weeks away #1.


Bears desperate to hold their line #5 - Bulls seek to complete the kill #3 & #4.