Monday, December 30, 2013

BSE Sensex - Ichimoku Study - Bulls edge towards ATH - Week 1 of January 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 27 Dec'13

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

Bulls stay clear of the Tenkan Sen and inch up towards the ATH #W2.
Senkou Span gap steadies #W3.

Wrap: Bears on the back foot as the Bulls stay clear above the Tenkan Sen #W2.

Looking Forward into this Week:

Chikou Span keeping above the Price Line critical for Bull moves #W1.
Bulls need to keep 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 get the Index below the Tenkan Sen #W2. Bulls eye the ATH once more.