|BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 27 Feb'15|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Index uses the Tenkan Sen - Kijun Sen deflection, to get higher #W2.
Senkou Span A & B - gap narowsW3.
The gap between Tenkan Sen and Kijun Sen, widens as in a deflection #W2
Wrap: Index Higher (gets close to the 30K mark on Saturday) - Gap between Tenkan Send and Kijun Sen, widens as in a deflection #W2
Looking Forward into this Week:
A Bearish, Chikou Span cross, with Price line, at current altitude, will need a few more months #W1.
Tenkan Sen and Kijun Sen, deflect bullishly again - study of previous deflections and behaviour of price, after the deflection, is important #W2.
Wrap: Bulls look to using the deflection to make a new ATH, whereas Bears look at moving the index below the 'Tenkan Sen - Kijun Sen' range #W2.