.....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 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 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 - 28 Sept, 2012 |
Learning from the Past Week: (click here for the post)
Bulls kept the advantage with the Index above the Kumo.
A Doji Week shows us that the Bears have finally dug in their heels.
The Chikou Span goes flat.
A Doji Week shows us that the Bears have finally dug in their heels.
The Chikou Span goes flat.
Looking forward into the next Week:
Bears look to reaching the Tenkan Sen to start making an impact.
Staying above the Kumo - advantage is with the Bulls.
A dip towards the Price line by the Chikou span - next week - would indicate that the Bears have gained an edge.