Sunday, November 11, 2012

BSE Sensex - Ichimoku Study - Week: 05 November to 09 November, 2012. - Bears nose in..






                       .....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 - 09 November, 2012






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

The Chikou Span stays with the Kumo, ready to cross or deflect #1.
Oscillator ticks down #3
Tenkan Sen #2 moves closer to price for a possible Bearish Cross #2.




Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Action of the Chikou Span #1 near the Kumo is important next week.
Bears reaching lower each week, aiming at the Tenkan Sen #2.