Monday, January 5, 2015

BSE Sensex - Ichimoku Study - Tenkan Sen Break - Week 2 of January 2015.

Learning from the Earlier Study: (click here for the post)

Bulls leave the Tenkan Sen behind, earlier the Tenkan Sen and Kijun Sen deflected bullishly #W2.
Senkou Span A & B - gap steady #W3.
The gap between Tenkan Sen and Kijun Sen is also steady #W2

Wrap: Index pops out of the Tenkan Sen and the Kijun Sen range 

Looking Forward into this Week:

Senkou Span 'A & B' converging will be bad for the Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more weeks #W1.
Bears seek to move the Tenkan Sen below the Kijun Sen and take out the last Index low #W2.

Wrap: Bulls Seek life above the last All Time High, whereas Bears look at moving the index below the 'Tenkan Sen - Kijun Sen' range and heading towards the Kumo