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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 01 Aug'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bears defend recent Highs, and Index dives below the Tenkan Sen #W2.
Senkou Span A & B - gap steadies up #W3.
Tenkan Sen and Kijun Sen gap also steadies #W2
Wrap: Bears send index below Tenkan Sen #W2.
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 defend the recent Lows and get the index above the Tenkan Sen again #W2.
Wrap: Bears look to keep the index below the Tenkan Sen and break recent lows , Bull focus is to get above the Tenkan Sen to break the ATH #W2.
