BSE Sensex - Ichimoku Study - Week: 17 December to 21 December, 2012 - Engulfed, now down..

                     .....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 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)  

Last:

The Tenkan Sen Cross:  Strong Bullish Signal (Te)  

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 21 December, 2012

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

Bulls keep above the Tenkan Sen #1 but lose ground..

Oscillator ticks up again. 

Flat Kumo effect on.

Last Week's red candle Engulfed the previous week's green candle - this week's candle closes below last week's.

Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.

Flat Kumo Effect could be on for a couple more weeks.

Bulls would need to remain above the Tenkan Sen #2 to keep the momentum on.

Possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..