.....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 Kumo Breakout: Bearish Signal (B)
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) The Tenkan Sen Cross: Weak Bullish Signal (Te)
The Kijun Sen Cross: Weak Bullish Signal (K)
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 - 22 June, 2012. |
Learning from the Past Week:
We concluded last week, with the expectation that, the Index should effectively penetrate the Kumo (click)
As one can see from the last candle - it has managed to get a head in.3
More important, it has maintained the close above the MVWAP 34 and the Kijun Sen.3
Oscillator is ticking up.4
Looking Forward into the next Week:
Flat Kumo appears couple of weeks down the line - good for Bulls.
Staying inside the Kumo, keeps the Bull run healthy for now.
