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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 22 Aug'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls move up from recent lows and cross the Tenkan Sen #W2.
Senkou Span A & B - gap dips #W3.
Tenkan Sen and Kijun Sen gap also dips #W2
Wrap: Bulls climb above Tenkan Sen #W2.
Looking Forward into this Week:
The Chikou Span, keeping current altitude, will need a couple of months to meet the price-line #W1.
Bears look to defend recent Highs #W2.
Tenkan Sen and Kijun Sen gap narrowing favors the Bears #W2.
Wrap: Bears look to get the index below the Tenkan Sen and break recent lows , Bull focus is to keep above the Tenkan Sen to break the ATH #W2.
