|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 28 Nov'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls reach higher with an ATH, above the Tenkan Sen #W2.
Senkou Span A & B - gap even and the lines are climbing #W3.
Tenkan Sen and Kijun Sen are also reaching up with a steady gap between them #W2
Wrap: Index uses the resistance of the last high, moves above the Tenkan Sen and is on a new ATH spree #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.
A Tenkan Sen and Kijun Sen deflection is on, albeit with a large gap #W2
Wrap: Bears wish to get the index moving towards the Tenkan Sen, Bulls focus on making new ATHs #W2.