Monday, September 1, 2014

BSE Sensex - Ichimoku Study - Bulls step up - Week 1 of September 2014.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 28 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 highs to cross the Tenkan Sen #W2.
Senkou Span A & B - gap even #W3.
Tenkan Sen and Kijun Sen gap also even #W2

Wrap: Bulls climb above recent Highs while above the Tenkan Sen 

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 the ATH #W2.
Bulls would seek to hold above last week's lows #W2.

Wrap: Bears look to get t
he index below the Tenkan Sen and break recent lows , Bull focus is to keep above the Tenkan Sen to break the ATH #W2.