Monday, April 9, 2018

Nifty (Asia India) - Ichimoku Weekly Study - Tenkan Sen Support - Week 2 of April 2018
chart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index now takes support at the Tenkan Sen (blue line).
Chikou Span deflection, off the Price line, saves the Bulls (see left).
Earlier, Bears managed a lower low and the Tenkan Sen made a Bearish Cross with the Kijun Sen.


Bulls would now attempt another shot at the Kijun Sen (red line) @10562,
Bears need the Chikou Span below the Price line.


Bulls seek to get above the Red line, with help from a Chikou Span deflection off the Price line.
Bears, seek life in the Kumo.