|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 12 Dec'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls dive to the Tenkan Sen even as the Tenkan Sen and Kijun Sen deflect bullishly, exactly as studied last week #W2.
Senkou Span A & B - gap even and the lines are flat #W3.
Tenkan Sen and Kijun Sen have a broad/distant deflection (see earlier deflections in the chart above) #W2
Wrap: Index after pausing near the ATH dives to the Tenkan Sen #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 weeks #W1.
Bulls expect the Tenkan Sen and Kijun Sen deflection to remain at current orientation, even if index slips below these lines this week #W2
Wrap: Tenkan Sen and Kijun Sen approach each other - the Bulls look for a deflection back to the ATH while the Bears hope for a Cross directed at the Kumo #W2.