Monday, May 26, 2014

BSE Sensex - Ichimoku Study - Bull Hold - Week 5 of May 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 23 May'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the post)

Bulls keep well above Tenkan Sen and hold on to gains #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady after deflection #W2

Wrap: Bulls het back some gains and hold near breakout High

Looking Forward into this Week:

Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Post the second deflection of Tenkan Sen & Kijun Sen,  bulls good to prevent a bearish cross for another 1000 point fluctuation #W2. 

Wrap: Bears hope is to get the index below the 
Tenkan sen, Bulls to hold High! #W2.