|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 25 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 now they all read 19244.07 - 6th week they all read the same #5.
Bears pull one back and get a red week #2.
Despite Bulls making a new High #2 albeit in a red week, 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.
Bears manage to hold this line up #5 for the 6th straight week.
Chikou Span moves nearer to Price Line - deflection or cross some time away #1.
Tenacious Bears desperately hold their line #5 - Bulls seek to dominate the Medium Term #3 & #4.