|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 05 Sept'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls keep above the Tenkan Sen and make new ATH #W2.
Senkou Span A & B - gap contracts #W3.
Tenkan Sen and Kijun Sen gap even #W2
Wrap: Bulls carry on, making new Highs while above the Tenkan Sen #W2.
Looking Forward into this Week:
The Chikou Span, keeping current altitude, will need a couple of months to meet the price-line #W1.
Bulls would seek to hold above the Tenkan Sen #W2.
Wrap: Bears hope to get the index below the Tenkan Sen, Bull focus is to keep above the Tenkan Sen to break the ATH #W2.