Monday, December 16, 2013

BSE Sensex - Ichimoku Study - ATH - Week 3 of December 2013.

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

Learning from last Week: (click here for previous post)

Bulls and Bears get their Season's Wish List filled last week.
Bulls make a new ATH #W2.
Bears get a close below the Tenkan Sen #W2.
Senkou Span gap widens making for a thicker Kumo  #W3.

Wrap: Bulls get a new ATH, Bears force a close below the Tenkan Sen #W2.

Looking Forward into this Week:

Chikou Span keeping above the Price Line critical for Bull moves #W1.
Bulls need to get above the Tenkan Sen to remain in the game #W2.
Thicker Kumo means future support for Bulls if the Index is above the Kumo then #W3.

Wrap: Bears look to keep it below the Tenkan Sen #W2. Bulls eye the ATH once more.