.....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 Kijun Sen Cross: Strong Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Weak Bullish Signal (C)
The Tenkan Sen Cross: Weak Bullish Signal (Te)The Kijun Sen Cross: Weak Bullish Signal (K)
The Kumo Break-in: Bullish Signal (B)
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 - 29 June, 2012 |
Learning from the Past Week:
As discussed last week (click) we see that the Price stayed inside the Kumo - and that worked for the Bulls.
Coming so close to the Senkou Span B, one looks out for the breakout and the 'Flat Kumo Effect'.
Looking Forward into the next Week:
Senoku Span B is the next resistance and the flat Kumo could deflect prices back.
Bulls keeping it above the MVWAP 34 and Bears holding is below the Flat Kumo, looks like the next scenario.
