Saturday, August 11, 2012

BSE Sensex - Ichimoku Study - Week: 06 August to 10 August, 2012 - Breakout..

                           .....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.

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

The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Chikou Span Cross:  Neutral  Bearish Signal (Cc)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  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 - 10 Aug, 2012.

Learning from the Past Week: (click here for the post)
Flat Kumo helped the Bulls - we have another Bullish Kumo Breakout.
Index remains with Bulls - above the Kijun Sen and Tenkan Sen.

Looking forward into the next Week:
A Bullish Chikou Cross is in the works.
The Bullish Tenkan Sen - Kijun Sen cross is on next week.
The flat Kumo's gravity will now seek to pull the index down - countering the breakout momentum.