Monday, January 6, 2014

BSE Sensex - Ichimoku Study - Tenkan Sen Bounce - Week 2 of January 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 03 Jan'14

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

Bulls resisted near the ATH sent back to the Tenkan Sen #W2.
Tenkan Sen resists the Bears #W2.
Senkou Span gap steady #W3.

Wrap: Bears fail at the Tenkan Sen but get a red week #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.