Monday, June 16, 2014

BSE Sensex - Ichimoku Study - Tenkan Sen Holds - Week 3 of June 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 13 June'14

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

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

Bulls take support just above Tenkan Sen for the 17th straight week, after falling from another new ATH #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady #W2

Wrap: Bulls make a new breakout ATH - fall supported near 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 get back to ATHs #W2.