.....Regulars can skip below and go straight to the chart......
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)
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) The Tenkan Sen Cross: Weak Bullish Signal (Te)
The Kijun Sen Cross: Weak Bullish Signal (K)
BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
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| The BSE Sensex 30 - End of Week Chart - 15 June, 2012. |
Learning from the Past Week:
After getting back into the Pink of Health (click) the Bulls are at the Kumo.
Earlier they made a Bullish Kijun Sen Cross and closed above the MVWAP 34, as anticipated in the last line of our weekend study (click). 3
The Oscillator has started inching up. 4
The Kumo as one can see from previous candles is strong resistance.
Looking forward into the next week:
If the index cannot effectively penetrate the cloud (Kumo) - it would be more consolidation or a drop.
