|BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 04 July'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls take off from support just above Tenkan Sen to make a new closing ATH (weekly) #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap also steady #W2
Wrap: Bulls make a new weekly closing ATH - Bears defend intra-week ATH #W2.
Looking Forward into this Week:
The Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bulls want to keep the price line clear of the Tenkan Sen and make new ATHs #W2.
Wrap: Bears eye the index below the Tenkan sen, Bull focus is to stay above the Tenkan Sen and make new ATHs #W2.