Monday, April 28, 2014

BSE Sensex - Ichimoku Study - Bull Pause - Week 1 of May 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 25 Apr'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the post)

Bulls take another break near All Time Highs #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen deflection clearly visible and gap widening #W2

Wrap: Bulls pause near ATHs for the second week in a row

Looking Forward into this Week:

Chikou Span, keeping current altitude, will avoid the price-line, for a few months #W1.
Current deflection of Tenkan Sen & Kijun Sen, gave the bulls gains #W2.
Tenkan Sen & Kijun Sen gap can continue to widen, even if index fluctuates 600 (Sensex) or 200 (Nifty) odd points over the next few weeks #W2. 

Wrap: Bears like the index below the
Tenkan sen - Bulls seek new highs beyond the deflection #W2.