Saturday, July 14, 2012

BSE Sensex - Ichimoku Study - Week: 09 July to 13 July, 2012 - 'Peek a Boo' with the Kumo

                           .....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 Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Weak  Bullish  Signal (C) 
The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Kijun Sen Cross:  Weak Bullish  Signal (K) 
The Kumo Break-out:  Bullish  Signal (B) 

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
The BSE Sensex 30 - End of Week Chart - 13 July, 2012

Learning from the Past Week: (Click)
After Peeking out of the Kumo last week - we have a retreat with the this week's red candle.
As studied last week - the Flat Kumo pulled back the index.
The Kijun Sen provided support.

Looking forward into the next Week:
The flat Senkou Span B - or flat Kumo - would attract the price to it.
So apart from other signals - one sees this as a factor for some weeks.
After freeing itself from this gravitational pull - index should take a direction.
Break-out from the Kumo then, would be fantastic for the Bulls or Bears.