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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 02 May'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bears take the index towards the Tenkan Sen #W2.
Senkou Span A & B - gap widens #W3.
Tenkan Sen and Kijun Sen gap also widens despite the fall #W2
Wrap: Bulls after pausing near ATHs for 2 weeks, take a hit #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will avoid the price-line, for a few months #W1.
Deflection of Tenkan Sen & Kijun Sen, gave the bulls gains earlier #W2.
Tenkan Sen & Kijun Sen gap can continue to widen, even if the Sensex fluctuates 300-500 odd points over the next few weeks #W2.
Wrap: Bears keen to get the index below the Tenkan sen - Bulls want movement towards the ATH post consolidation #W2.
