Monday, June 23, 2014

BSE Sensex - Ichimoku Study - Tenkan Sen Holds again - Week 4 of June 2014.


BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 20 June'14


Introduction / Primer to Ichimoku can be read at this link (click). 



Learning from the Earlier Study: (click here for the post)

Bulls take support just above Tenkan Sen for the 18th straight week #W2.
Senkou Span A & B - gap steady #W3.
Tenkan Sen and Kijun Sen gap steady #W2


Wrap: Bulls find support near Tenkan Sen 
#W2.




Looking Forward into this Week:


Bear hope is that the Chikou Span, keeping current altitude, will meet the price-line, in a few months #W1.
Bulls want to keep the price line clear of the Tenkan Sen and make new ATHs #W2. 


Wrap: Bears hope is to get the index below the 
Tenkan sen, Bull focus is to get back to ATHs #W2.