Sunday, April 1, 2012

The BSE Sensex 30 - Ichimoku Study - Week: 26 March to 30 March 2012 - and we got our green...

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.

Signals studied in the past few weeks on BSE 30 - Week Chart (EOW) in brief: For details see here and here.

Senkou Span Cross: Strong Bearish Signal
Chikou Span Cross: Weak Bullish Signal
The kijun sen cross: Weak Bullish Signal
The Tenkan Sen/Kijun Sen Cross: Weak Bullish Signal
The Flat Kumo: Bullish Signal

For the latest study click this link

BSE 30 - End of Week Chart - 30 March 2012  
Ichimoku Medium Term View (or) Week Chart (or) EOW of the BSE 30:
Last week (click to see post) we felt it was time for some 'relief green' and we got it (see last candle above)
Price took support on the Kijun Sen (blue line) and MVWAP.
Price is nudging into the Kumo.
A Bullish Senkou Span Cross is a few weeks away.
Other signals given above the EOW chart, add to this study.
To see the finer details, we use the EOD chart below.

BSE 30 - End of Day Chart - 30 March 2012  
Ichimoku Short Term View (or) Day Chart (or) EOD of the BSE 30:
A Bearish Senkou Span Cross is nearly on - could touch and go too.
Price is in the Kumo.
Price has just crossed the Tenkan Sen, after being drawn down by the Flat Senkou Span B, and bouncing off it.
Resistance is the Kijun Sen and MVWAP.
Looks good for an up move, if the Senkou Cross is not Bearish.