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| 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)
Saved by the Kijun Sen. Bulls clear the Tenkan Sen and reach the ATH #W2.
Gap between Tenkan Sen - Kijun Sen flat #W2.
Gap between Senoku Span A-B flat #W3.
Wrap: Bulls bouncing off the Kijun Sen level up with the ATH #W2.
Looking Forward into this Week:
Keeping above the Tenkan Sen - Bulls look for new Highs again #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
ATH is stronger resistance on Bull's second visit #W1.
Wrap: Bulls want life above the ATH following the Chikou Span Deflection, Bears want to defend the ATH line again #W2.
