Monday, April 21, 2014

BSE Sensex - Ichimoku Study - Deflection Gains - Week 4 of April 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 17 Mar'14

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

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

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

Wrap: Deflection of the 
Tenkan Sen and Kijun Sen: gain for Bulls #W2.

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, makes for a bull party #W2. 

Wrap: Bears like a cross of the 
Tenkan sen and the Kijun Sen - Bulls see new highs beyond the deflection #W2.