.....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.
Previous Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:
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)
Last:
The Tenkan Sen Cross: Strong Bullish Signal (Te)
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 - 07 December, 2012 |
Learning from the Past Week: (click here for the post)
Bulls keep above the Tenkan Sen #1 and move up marginally.
Oscillator ticks up again #2
Flat Kumo effect awaited.
Rate of Climb of the Blue Line (Kijun Sen) - bodes ill for the Bulls - Bearish Cross with the Red Tenkan Sen can be next.
Looking forward into the next Week:
Staying above the Kumo - advantage is with the Bulls.
Flat Kumo Effect could be on for a few more weeks.
Bulls would need to remain above the Tenkan Sen #2 to keep the momentum on.
Distant Possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross would keep the Bear Hopes going.
