Saturday, September 22, 2012

BSE Sensex - Ichimoku Study - Week: 17 September to 21 September, 2012 - Bulls steady

                          .....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 Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong  Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong   Bullish Signal (Cc)  

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 21 Sept, 2012.

Learning from the Past Week: (click here for the post)
Bulls after beating the last high of this year - continued up.
The Oscillator continues to tick up.
Oscillator's Negative divergence to Price persists.

Looking forward into the next Week:
Bears look to reaching the Tenkan Sen to start making an impact.
Staying above the Kumo - advantage is with the Bulls.
Bears continue to have the Oscillator's divergence as their ray of hope.