|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 26 Sept'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls again close above the Tenkan Sen after bouncing off previous High Zone #W2.
Senkou Span A & B - gap higher #W3.
Tenkan Sen and Kijun Sen gets closer #W2
Wrap: Index come up from below to close above the Tenkan Sen #W2.
Looking Forward into this Week:
A Bearish Chikou Span cross with Price line, at current altitude, will need couple of months #W1.
Bulls need to hold above the Tenkan Sen #W2.
Senkou Span A & B - converging is good for Bears #W3.
Wrap: Bears seek to again try getting the index below the Tenkan Sen, Bull focus is to keep above previous Highs and attempt new ATH(All Time High) #W2.