Saturday, June 23, 2012

BSE Sensex - Ichimoku Study - Week: 18 June to 22 June 2012 - In the Kumo

.....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.

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: 
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.