BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 17 Mar'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls take a break near All Time Highs #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen deflection clearly visible #W2
Wrap: Deflection of the Tenkan Sen and Kijun Sen: gain for Bulls #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will avoid the price-line, for a few months #W1.
Current deflection of Tenkan Sen & Kijun Sen, makes for a bull party #W2.
Wrap: Bears like a cross of the Tenkan sen and the Kijun Sen - Bulls see new highs beyond the deflection #W2.