|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 14 Nov'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls touch another ATH above the Tenkan Sen #W2.
Senkou Span A & B - gap expanding #W3.
Tenkan Sen and Kijun Sen gap constricting #W2
Wrap: Index uses the resistance of the last high, moves above the Tenkan Sen and makes a new ATH #W2
Looking Forward into this Week:
Senkou Span 'A & B' diverging, is good for Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few months #W1.
Tenkan Sen and Kijun Sen deflecting is also a few weeks away by current trends #W2
Wrap: Bears wish to get the index below the Tenkan Sen, Bulls focus on making new ATHs #W2.