Saturday, April 14, 2012

The BSE 30 - Ichimoku Study - Week: 09 April to 13 April 2012 - Bulls edged out..

Quick Reference : 
The Tenkan Sen - red line
The Kijun Sen - blue line
The Chikou Span - purple line
The Senkou Span A - black line
The Senkou Span B - grey line
The Kumo - grey shaded area.

Useful resources (free) from the Web:

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:

The BSE Sensex 30 - End of Week Chart - 13 April 2012  

Last 7 Signals seen on BSE 30 - Week Chart (EOW) in brief: 
1. Senkou Span Cross: Strong Bearish Signal
2. Chikou Span Cross: Weak Bullish Signal
3. The Kijun sen cross: Weak Bullish Signal
4. The Flat Kumo: Bullish Signal
5. The Tenkan Sen/Kijun Sen Cross: Weak Bullish Signal
6. The Kumo Breakout: Bearish Signal
7. The Kumo Breakout: Bearish Signal
In our study, we consider as important, the signals of the previous posts, summarized above.

A: We have this week's candle breaking out of the Kumo in another Bearish Signal . The Bulls would take heart from the support lines: Kijun Sen (blue line) and M VWAP 34, that lie below the candle.

Bears are back in force on this screen.

BSE 30: Short Term View (or) Day Chart (or) EOD with the Ichimoku Cloud:

The BSE Sensex 30 - End of  Day Chart - 13 April 2012  

Last 7 Signals seen on BSE 30 - Day Chart (EOD) in brief: 
1. Kumo Breakout: Strong Bullish Signal
2. Tenkan Sen/Kijun Sen Cross: Weak  Bearish Signal
3. Chikou Span Cross: Weak Bearish Signal
4. Senkou Span Cross: Neutral Bullish Signal
5. Kijun Sen Cross: Neutral Bullish Signal
6. Kijun Sen Cross: Neutral Bearish Signal
7. Chikou Span Cross: Neutral  BullishBearish Signal
In our study we also consider as important, the previous signals, summarized above.

B. The Chikou Span Cross (purple line) of the price line, crossed in and then out - so its Bullish and then Bearish - however with the price in the Kumo we consider the effect as neutral.
C. The Kijun Sen Cross (blue line) at week beginning is Bearish and Neutral as mentioned above.
D.  Price is almost near making a Bearish Kumo Breakout after staying below the Tenkan Sen (red line) and M VWAP 34 all week. The Senkou Span B that price is approaching, lies flat.

The Bears take the advantage, from Bulls in this screen.