.....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)
The Tenkan Sen Cross: Weak Bullish Signal (Te)
The Kumo Break-in: Bearish Signal (B)
The Kijun Sen Cross: Neutral Bearish Signal (K)
Chikou Span Cross: Neutral Bearish Signal (Cc)
Senoku Span Cross: Neutral Bullish Signal (Ss)
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 - 27 July, 2012 |
Learning from the Past Week: (Click)
Bears got their Bearish,Kijun Sen Cross & Bearish Chikou Span Cross last week.
The Senkou Span Cross gave the Bulls some respite as it also came in last week.
MVWAP 34 was breached by the bears.
The Tenkan Sen was held by the Bulls.
Looking forward into the next Week:
Keeping above the Tenkan Sen Bulls would look at taking back lost ground.
The flat Kumo helps the Bulls.
Bears would need to keep it below the the MVWAP 34, to keep their turf.
