.....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 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-out: 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 - 13 July, 2012 |
Learning from the Past Week: (Click)
After Peeking out of the Kumo last week - we have a retreat with the this week's red candle.
As studied last week - the Flat Kumo pulled back the index.
The Kijun Sen provided support.
Looking forward into the next Week:
The flat Senkou Span B - or flat Kumo - would attract the price to it.
So apart from other signals - one sees this as a factor for some weeks.
After freeing itself from this gravitational pull - index should take a direction.
Break-out from the Kumo then, would be fantastic for the Bulls or Bears.
