.....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.
Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:
The Tenkan Sen Cross: Weak Bullish Signal (Te)
The Chikou Span Cross: Neutral Bearish Signal (Cc)
The Senoku Span Cross: Neutral Bullish Signal (Ss)
The Kijun Sen Cross: Neutral 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 - 17 Aug, 2012. |
Learning from the Past Week: (click here for the post)
Index remained with Bulls - above the Kijun Sen and Tenkan Sen.
The Bullish Tenkan Sen - Kijun Sen cross happens and its a strong signal, as it occurs above the Kumo!
Looking forward into the next Week:
A Bullish Chikou Cross is in the works, if the index moves ahead with current momentum.
Bears look at the flat Kumo's gravity, pulling the index down, damping the breakout momentum.
Staying free of the Kumo - Bulls hope for a breakout move, to beyond previous highs.
