BSE Sensex - Ichimoku Study - Week: 20 August to 24 August, 2012 - Free of 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.

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

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)

The Tenkan Sen/Kijun Sen Cross: Strong  Bullish Signal (T) 

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:

The BSE  Sensex 30 - End of Week Chart - 24 Aug, 2012.

Learning from the Past Week: (click here for the post)

Index remained with Bulls - above Kumo (cloud).

The Strong Bullish Tenkan Sen (red) - Kijun Sen (blue) cross (T) keeps this week's candle green despite global bearishness.
The Chikou Span (pink line) is at the price line for a possible cross next week.

Looking forward into the next Week:

A Bullish Chikou Cross gives the bulls further momentum. 

Bears look at the flat Kumo's gravity, pulling the index down, damping the breakout momentum. 

Staying free of the Kumo - Bulls hope for a breakout move, to beyond previous highs.