Saturday, October 27, 2012

BSE Sensex - Ichimoku Study - Week: 22 October to 26 October, 2012. - Bears inch forward

                        .....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) marked on chart as per notes 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 - 26 October, 2012.

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

The Thinning Kumo ends - flat Kumo starts. 
The Chikou Span moves closer to the Kumo (1).
Oscillator ticks down (3).
Tenkan Sen (2) flattens.

Looking forward into the next Week:

Bears look to reaching the Tenkan Sen (2) to start making an impact.
Staying above the Kumo - advantage is with the Bulls.
Flat Kumo's gravitational pull (2) to be watched out for, in coming weeks.
Action of the Chikou Span (1) near the Kumo is also to be noted.