|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 11 Nov'13|
Introduction / Primer to Ichimoku, can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears fight back for control of the Medium Term with a Engulfing action on the Bull show of the previous week #W2.
All Ichimoku indicators still favor Bulls as above.
Bulls unable to keep the their new All Time High (ATH) as Bears fight back.
Looking Forward into the next Week:
All Ichimoku signals show green for the Bulls as of now.
Chikou Span moves towards the Price Line - deflection or cross near #W1.
Tenkan Sen is the nearest support, the Bulls would count on, for the coming week #W2.
Bulls still dominate the Medium Term and aim for another go at the ATH - Bears fight to get below the Tenkan Sen #W2.