Saturday, September 7, 2013

BSE Sensex - Ichimoku Study - Repulsion Bounce :- Week: 02 September to 06 September, 2013.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 06 Sept'13

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

Learning from the Past Week: (click here for previous post)

Bulls pull off a Kumo Break out #2 and get above the Tenkan Sen and Kijun Sen last week #3.
Bears retaliate with a Senkou Span Cross #4 and keep the Chikou Span below the Price Line #1.

Bulls get their Repulsion Bounce. Bears ensure stalemate.

Looking Forward into the next Week:

Chikou Span is close to Price Line - deflection or Cross possible #1.
Bullish Cross of the Kijun Sen and Tenkan Sen is the next Bull game #3.
Bears would want to keep the Bearish Senoku Span Cross #4 and reverse the Kumo Breakout #2.

Bears look to get back into the Kumo - Bulls want the Tenkan Sen above the Kijun Sen #3.