Monday, June 2, 2014

BSE Sensex - Ichimoku Study - Tenkan Sen Holds - Week 1 of June 2014.

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 

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.