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| BSE 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 09 May'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls bounce off Tenkan Sen to create a breakout ATH #W2.
Senkou Span A & B - gap drastically narrows #W3.
Tenkan Sen and Kijun Sen close as in a defletion #W2
Wrap: Bulls create a breakout High but give up half of the gains #W2.
Looking Forward into this Week:
Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Post the second deflection of Tenkan Sen & Kijun Sen, bulls good to prevent a bearish cross for another 1000 point fluctuation #W2.
#W2.
Senkou Span A & B - gap contraction a concern for Bulls #W3.
Wrap: Bears hope is to get the index below the Tenkan sen - Bulls on a High! #W2.
