Saturday, June 9, 2012

BSE Sensex - Ichimoku Study - Week: 04 June to 08 June 2012 - Sensex back in Pink

.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

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

Useful resources (free) from the Web:

Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Flat Kumo: Bullish Signal (Ko)
The Kumo Breakout: Bearish Signal (B)
Chikou Span Cross: Strong Bearish Signal (C)
The Kijun Sen Cross: Strong Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Strong Bearish Signal (C) 
Chikou Span Cross: Weak  Bullish  Signal (C) 

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
The BSE Sensex 30 - End of Week Chart - 08 June, 2012.  

Learning from the Past Week:
We ended last week's study (click) with the note that we 'watch the Chikou Span'.
This Pink line crossed the Price Bullishly 4 and the resultant candle is massive and green.
The Tenkan Sen, crossing which, is preliminary to trend change, has been conquered. 5

The Kijun Sen and MVWAP 34, act as resistance for now.5
The Oscillator is ticking down, yet...6

Looking forward into the next week:
Keeping above the Tenkan Sen and getting above the Kijun Sen & MVWAP 34, would be priority for Bulls.