|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 21 Feb'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls peep above the Tenkan Sen #W2.
Senkou Span A & B - flatten #W3.
Distance between Tenkan Sen and Kijun Sen steady #W2
Chikou Span glides up in man's zone - avoiding a bearish cross #W1.
Wrap: Index peeps above the Tenkan Sen #W2.
Looking Forward into this Week:
Chikou Span needs to climb some more to avoid a bearish cross with the Price Line in the next few weeks #W1.
Bears need to get below the Tenkan Sen to remain in the game #W2.
Flattening of Tenkan Sen, Kijun Sen and the Senkou Span A & B implies consolidation #W2 #W3.
Wrap: Bears eye the Kumo #W2. Bulls happy that the Chikou Span is above the Price line #W1.