|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 18 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 #4 move higher but together Tenkan Sen and Kijun Sen also do the same #3, and they all now read 19190.47 - 5th week they all read the same #5.
Bulls extend gains reaching up to clear recent highs with third green candle in a row #2.
Despite Bulls clearing recent Highs #2, Bears hold on to their last line of defense #5..
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 control of the Medium Term Screen completely.
Bears manage to hold the line up #5 despite the Bull pressure.
Chikou Span moves clear of Price Line - deflection or cross some time away #1.
Tenacious Bears desperately hold their line #5 - Bulls seek to complete the kill #3 & #4.