|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 29 Nov'13|
Introduction / Primer to Ichimoku, can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls retake the Tenkan Sen with a green week #W2.
Chikou Span deflects off the Price Line #W1.
Wrap: With a Chikou Span deflection, Bulls get above the Tenkan Sen.
Looking Forward into the next Week:
Chikou Span keeping above the Price Line critical for Bull move up #W1.
Bulls need to stay above the Tenkan Sen to remain in the game #W2.
Wrap: Bulls with the deflection of the Chikou Span off the Price line could make another go at the ATH - Bears look to get below the Tenkan Sen #W2.