Saturday, September 15, 2012

BSE Sensex - Ichimoku Study - Week: 10 September to 14 September, 2012 - Chikou Cross Gains..

                          .....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.

Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong  Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong   Bullish Signal (Cc) 

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 10 Sept, 2012.

Learning from the Past Week: (click here for the post)
Bulls beat the last high of this year - after the Strong Bullish Chikou Cross (Cc) which we were watching out for, over the last few weeks.
The Oscillator continues to tick up.
Oscillator's Negative divergence to Price persists.

Looking forward into the next Week:
Bears need to take out the duo of the MVWAP 34 and Tenkan Sen to make an impact.
Staying above the Kumo - advantage is with the Bulls.
Bears have the Oscillator's divergence as their ray of hope.