|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 24 Jan'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls hold above the Tenkan Sen and notch up another aborted ATH attempt #W2.
Senkou Span A & B - expands #W3.
Distance between Tenkan Sen and Kijun Sen also increases #W2
Wrap: Bulls stay above the Tenkan Sen but fail near the ATH #W2.
Looking Forward into this Week:
Chikou Span keeping above the Price Line critical for Bull moves #W1.
Bulls need to stay above the Tenkan Sen to remain in the game #W2.
Expansion of Tenkan Sen, Kijun Sen and the Senkou Span A & B indicative of Bull strength #W2 #W3.
Wrap: Bears look get the Index below the Tenkan Sen #W2. Bulls eye the elusive ATH.