BSE Sensex - Ichimoku Study - Week: 17 June to 21 June: 2013 - Meeting for Deflection or Cross 6 - Surprise !

                     .....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 Kumo Break-out: Bullish Signal (B)  

The Flat Kumo: Bearish Signal (Ko)

The Chikou Span Cross:  Weak Bearish Signal (Cc)  

The Tenkan Sen Cross:  Bearish Signal (Te)
The Kijun Sen Cross: Weak Bearish Signal (K) 

New:

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

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 21 May'13

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

Tenkan Sen & Kijun Sen lines Cross Bullishly  #2. 

Chikou Span remains below the price line #1.

Index stays below the Kijun Sen, Tenkan Sen, MVWAP 34 confluence  #2.

Oscillator ticks down  #3.

Price takes support near the Kumo #2.

Tenkan Sen & Kijun Sen lines Cross Bullishly - exactly as studied in the last 6 weeks.

Looking Forward into the next Week:

A Bullish Tenkan Sen - Kijun Sen Cross, appeared last week - despite the index sliding lower #2.

A Bearish Tenkan Sen - Kijun Sen Cross now, may give the Bears a sneaky win #2.

Taking support near the Kumo, Bulls can attempt to get above the Kijun Sen, Tenkan Sen, MVWAP 34 confluence  #2.

Tenkan Sen did move above the Kijun Sen making a Bullish Cross - to the relief of the hopeful Bulls and the chagrin of the bemused Bears...