Sunday, January 6, 2013

BSE Sensex - Ichimoku Study - Week: 31 December to 04 January, 2013 - Ahead and Some, Bull

                     .....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) 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)  

The Tenkan Sen Cross:  Strong Bullish Signal (Te)  

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 04 Jan '13

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

Bulls after a few weeks of ranging, trend up, above the Tenkan Sen #1.
Oscillator ticks even #2. 

Bulls break the range of a few years and take the Sensex higher.  

Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Bears get a life once the Tenkan Sen #1 is taken out on the way down.

Distant possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..