Monday, April 20, 2015

BSE Sensex - Ichimoku Study - Tenkan Sen gives - Week 4 of April 2015.

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

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

Index below the Tenkan Sen #W2, in another Yo Yo, as bulls lose steam #W1.

Gap between the Senkou Span A & B  #W3 increases.
Gap between the Tenkan Sen & Kijun Sen decreases #W2.

Wrap: Bears move Index just below the Tenkan Sen, Bulls fight to prevent a cross of the Tekan Sen below the Kijun Sen

Looking Forward into this Week:

Chikou Span at current altitude, can meet the Price line in a couple of weeks #W1.

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

Wrap: Bulls aim for life above the Tenkan Sen. 
Bears look to push towards the Kumo once again, with a move below the Kijun Sen #W2.