Monday, October 14, 2013

BSE Sensex - Ichimoku Study - The Bear Line Up 4 :- Week: 07 October to 11 October, 2013.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 11 Oct'13

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

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

The Senkou Span A&B stay met, Tenkan Sen and Kijun Sen also stay met and they all read 19094.20  - a rare sight, fourth straight week in a row #5.
Bulls extend gains reaching up to recent highs #2.

Bears hold on to their last line #5..Bulls near previous Highs #2.

Looking Forward into the next Week:

The Senkou Span B crossing above the Senkou Span A #4 or the Tenkan Sen above the Kijun Sen #3 would give the Bulls the Medium Term Screen completely.

Bears manage to hold their border with this line up  #5. 
Chikou Span remains close enough to Price Line - deflection or cross a few weeks away #1.

Bears desperate to hold their line #5 - Bulls seek to complete the kill #3 & #4.