Saturday, September 29, 2012

BSE Sensex - Ichimoku Study - Week: 24 September to 28 September, 2012 - Bears Hold on




                         .....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 - 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.



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.