 |
| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 14 Nov'13 |
Introduction / Primer to Ichimoku, can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears take advantage with a red candle following the Engulfing action on the Bull show of the previous week #W2.
Bulls bounce off the Tenkan Sen #W2.
All Ichimoku indicators still favor Bulls as above.
Wrap: Bear fight back falters at the Tenkan Sen.
Looking Forward into the next Week:
All Ichimoku signals show green for the Bulls as of now.
Chikou Span moves towards the Price Line - deflection or cross imminent #W1.
Tenkan Sen remains the nearest support, the Bulls would count on, for the coming week too #W2.
Wrap: Bulls manage to dominate the Medium Term and hope for another go at the ATH - Bears fight to get below the Tenkan Sen #W2.
