Nifty (Asia India) - Ichimoku Weekly Study - 'Take off' from Kumo - Week 3 of March 2019

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

PAST

Nifty 50, 'takes off' after spending a dozen weeks around the gravitational field of the Kumo (cloud).
Blue line (Tenkan Sen) crosses above Red line (Kijun Sen) bullishly.

Chikou Span (white line - left), touches the price line from below.

NEXT

Bulls aim for 11760, the All Time High (ATH).

Chikou Span ready for Bearish deflection (@11555) or Bullish Cross of the Price line. 

WRAP

Bulls on a roll, seek to make a new All Time High (11760+) after clearing 11555.

Bears, want to slip below the Fibonacci 23.6% (11333) and then throw back to the Kumo.