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Monday, September 8, 2014

BSE Sensex - Ichimoku Study - Bulls carry on - Week 2 of September 2014.



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 t
he index below the Tenkan Sen, Bull focus is to keep above the Tenkan Sen to break the ATH #W2.