.....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)
The Kumo Break-in: Bearish 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 - 20 July, 2012 |
Learning from the Past Week: (Click)
Support for this week's candle was on the Kijun Sen.
The Chikou Span (pink line) threatens to cross the Price line.
A Senoku Span Cross seems near, with the Kumo (Cloud) narrowing at its tip.
Looking forward into the next Week:
Bears would want to see a bearish, Kijun Sen Cross, while the Bulls would look at the Flat Kumo helping them move up.
A Bearish Chikou Span Cross or Bullish Deflection is in the offing next week - to be watched.
The Senkou Span Cross also needs attention since, this Bullish Cross can happen in the next few weeks.
