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Monday, April 13, 2015

BSE Sensex - Ichimoku Study - Tenkan Sen taken - Week 3 of April 2015.







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


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


Bulls take the Tenkan Sen #W2, after the Chikou Span bounce off the Price line #W1.

Gap between the Senkou Span A & B  #W3, as also the Tenkan Sen & Kijun Sen steady #W2.


Wrap: Index just above the Tenkan Sen #W2, Bulls capitalize on the Chikou Span bounce at Price line
 #W1




Looking Forward into this Week:


Chikou Span holding above the Price Line, gives Bulls another shot at the ATH #W1.

Narrowing gap between the Tenkan Sen & Kijun Sen, opens possibility of bullish deflection or bearish cross #W2.


Wrap: Bulls aim for a new ATH keeping above the Tenakan Sen.

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