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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 11 Mar'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls break-out to new All Time Highs again #W2.
Senkou Span A & B - gap widens #W3.
Distance between Tenkan Sen and Kijun Sen decreases as the broad deflection becomes a touch and go #W2
Chikou Span also makes a new High #W1.
Wrap: Index soars after pauses, to a new ATHs #W2.
Looking Forward into this Week:
Chikou Span keeping current altitude, will keep it away from the price-line, for some time #W1.
Current deflection of Tenkan Sen & Kijun Sen, makes for a bull party #W2. Possibility of a Bearish Cross of these two lines however, keeps the Bulls on the edge.
Wrap: Bears like a cross of the Tenkan sen and the Kijun Sen - Bulls see new highs beyond the deflection #W2.
