Monday, June 9, 2014

BSE Sensex - Ichimoku Study - Highs Held - Week 2 of June 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 06 June'14

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

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

Bulls keep just above Tenkan Sen for the 16th straight week and make a new ATH #W2.
Senkou Span A & B - gap increases #W3.
Tenkan Sen and Kijun Sen gap steady #W2

Wrap: Bulls clear breakout ATH - stay clear of Tenkan Sen 

Looking Forward into this Week:

Bear hope is that the Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bulls want to keep the price line clear of the Tenkan Sen and make new ATHs #W2. 

Wrap: Bears hope is to get the index below the 
Tenkan sen, Bull focus is to hold recent Highs and look at new ATHs #W2.