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| BSE 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 24 Oct'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the post)
Bulls get index above the Tenkan Sen #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap also steady #W2
Wrap: Index uses the resistance of the last high and moves above the Tenkan Sen #W2.
Looking Forward into this Week:
Senkou Span 'A & B' diverging, is good for Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few weeks #W1.
Tenkan Sen and Kijun Sen crossing or deflecting is also a few weeks away by current trends #W2
Wrap: Bears seek to get the index below the Tenkan Sen and get to the Kijun Sen, Bulls focus on getting back to the previous ATHs #W2.
