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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 01 Nov'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 moves higher than Span B #W4 AND Tenkan Sen moves above Kijun Sen #W3 after 6 weeks stuck to each other. The 7th week turns Lucky for the Bulls.
Bears lose their last Line of defense and also control of the Medium Term Screen #W2.
Bulls make a new High #W2 and get two Strong Bullish Signals last week.
Looking Forward into the next Week:
The Bullish Senkou Span Cross #W4 and the Tenkan Sen - Kijun Sen Cross #W3 give the Bulls control of the Medium Term Screen.
Bears get unlucky in the 7th week.
Chikou Span moves away relative to the Price Line - deflection or cross some time away #W1.
Bulls get to dominate the Medium Term.
