BSE Sensex - Ichimoku Study - Week: 30 July to 03 August, 2012 - Bulls bounce back

                           .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

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:

http://www.freestockcharts.com/

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

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 Chikou Span Cross:  Neutral  Bearish Signal (Cc)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  Bullish Signal (K)

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:

The BSE  Sensex 30 - End of Week Chart - 03 Aug, 2012.

Learning from the Past Week: (click here for the post)

Keeping above the Tenkan Sen, Bulls got back lost ground.
Flat Kumo helped the Bulls.
With a clean close above the Kijun Sen - Index has tilted in Bull favor.

Looking forward into the next Week:

The flat Kumo is drawing the Index towards it - as discussed few weeks back.

A Bullish Chikou Cross is what the Bulls would want next.
Bears would look at getting some resistance going at the Flat Kumo - to get a move down.