.....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) marked on chart as per notes below:
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)
New:
The Tenkan Sen Cross: Weak Bearish Signal (Te)
BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
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| The BSE Sensex 30 - End of Week Chart - 16 November, 2012 |
Learning from the Past Week: (click here for the post)
The Chikou Span kissing distance away from the Kumo, ready to cross or deflect #1.
Oscillator ticks down #3
Tenkan Sen #2 makes a Bearish Cross of the Price as studied last week.
Flat Kumo effect on, for few more weeks.
Looking forward into the next Week:
Staying above the Kumo #2 - advantage is with the Bulls.
Action of the Chikou Span #1 near the Kumo is important next week.
Bulls would need to move above the Tenkan Sen #2 to get back lost momentum.
