Saturday, December 1, 2012

BSE Sensex - Ichimoku Study - Week: 26 November to 30 November, 2012. - Bulls burst through.

                     .....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)  

The Tenkan Sen 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 - 30 November, 2012

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

Bulls get above the Tenkan Sen #2 early in the week, and move up with momentum
Oscillator ticks up for a change #3
Flat Kumo fails to pull in the Price last week.

Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Price continues to be pulled towards the flat Kumo.
Bulls would need to stay above the Tenkan Sen #2 to keep the momentum going.