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Monday, December 23, 2013

BSE Sensex - Ichimoku Study - Bulls on Top - Week 4 of December 2013.




BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 20 Dec'13




Learning from last Week: (click here for previous post)


Bulls on top again as they retake the Tenkan Sen #W2.
Senkou Span gap widens in the making of a thicker Kumo  #W3.



Wrap: Bears on the back foot as the Bulls retake the Tenkan Sen #W2.



Looking Forward into this Week:


Chikou Span keeping above the Price Line critical for Bull moves #W1.
Bulls need to keep above the Tenkan Sen to remain in the game #W2.
Thicker Kumo means future support for Bulls if the Index is above the Kumo then #W3.


Wrap: Bears look get the Index below the Tenkan Sen #W2. Bulls eye the ATH once more.