.....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.
Useful resources (free) from the Web:
Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:
The Flat Kumo: Bullish Signal (Ko)
The Kumo Breakout: Bearish Signal (B)
Chikou Span Cross: Strong Bearish Signal (C)
The Kijun Sen Cross: Strong Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Strong Bearish Signal (C)
Chikou Span Cross: Weak Bullish Signal (C) 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 - 08 June, 2012. |
Learning from the Past Week:
We ended last week's study (click) with the note that we 'watch the Chikou Span'.
This Pink line crossed the Price Bullishly 4 and the resultant candle is massive and green.
The Tenkan Sen, crossing which, is preliminary to trend change, has been conquered. 5
The Kijun Sen and MVWAP 34, act as resistance for now.5
The Oscillator is ticking down, yet...6
Looking forward into the next week:
Keeping above the Tenkan Sen and getting above the Kijun Sen & MVWAP 34, would be priority for Bulls.
