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| BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 09 May'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls bounce off Tenkan Sen to launch into a new ATH last week #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen gap also widens as anticipated #W2
Wrap: Bulls after pausing near ATHs for 2 weeks, move to a new ATH #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Deflection of Tenkan Sen & Kijun Sen, gave the bulls more gains #W2.
Tenkan Sen & Kijun Sen gap can continue to widen, even if the Sensex fluctuates 300-500 odd points over the next few weeks as seen #W2.
Wrap: Bears keen to get the index below the Tenkan sen - Bulls after new ATHs #W2.
