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Monday, April 6, 2015

BSE Sensex - Ichimoku Study - Kijun Sen taken - Week 2 of April 2015.








Introduction / Primer to Ichimoku can be read at this link (click). 


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


Bear's taste of life below the Kijun Sen is short lived, Bulls peek above the red line #W2.

Gap between the Senkou Span A & B  #W3, as also the Tenkan Sen & Kijun Sen steady #W2.
The Chikou span #W1 bounces at price line, answering the Bull's prayers.


Wrap: Index just above the Kijun Sen #W2, Bulls get a Chikou Span bounce at Price line
 #W1




Looking Forward into this Week:


Chikou Span holding above the Price Line, is a clear relief for Bulls #W1.

Narrowing gap between the Senkou Span A & B  #W3, as also the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.


Wrap: Bulls pray that the Chikou Span stays above the Price line #W1, helping the index stay above the Kijun Sen.

 Bears look to push towards the Kumo once again, with a move below the Kijun Sen #W2.