BSE 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 30 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 just above Tenkan Sen and hold on to gains for the 15th straight week #W2.
Senkou Span A & B - gap increases #W3.
Tenkan Sen and Kijun Sen gap increase #W2
Wrap: Bulls fail to clear breakout ATH - but hold out above Tenkan Sen #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bears have the Tenkan Sen close to the Price line #W2.
Wrap: Bears hope is to get the index below the Tenkan sen, Bull focus is to hold recent Highs #W2.