|BSE 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 23 May'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls keep well above Tenkan Sen and hold on to gains #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady after deflection #W2
Wrap: Bulls het back some gains and hold near breakout High #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Post the second deflection of Tenkan Sen & Kijun Sen, bulls good to prevent a bearish cross for another 1000 point fluctuation #W2.
Wrap: Bears hope is to get the index below the Tenkan sen, Bulls to hold High! #W2.