Monday, July 21, 2014

BSE Sensex - Ichimoku Study - Bear Hold - Week 4 of July 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 18  Month's Data - as on 18 July'14

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

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

Bull pull back fails to take the Tenkan Sen last week #W2.
Senkou Span A & B - gap flares up #W3.
Tenkan Sen and Kijun Sen gap also up #W2

Wrap: Bears succeed in keep index below Tenkan Sen 

Looking Forward into this Week:

The Chikou Span, keeping current altitude, will need a few months to meet the price-line #W1.
Bulls want to stay above recent lows and get back above the Tenkan Sen #W2. 

Wrap: Bears look to keep index below the 
Tenkan sen, Bull focus is to stay above recent lows and make it above the Tenkan Sen #W2.