Sunday, January 27, 2013

BSE Sensex - Ichimoku Study - Week: 21 January to 25 January, 2013 - Bulls stay up.




                     .....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 Flat Kumo: Bearish Signal (Ko)

Last:
The Tenkan Sen Cross:  Strong Bullish Signal (Te)  




BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 25 Jan '13




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

Bulls continue towards new Highs #2.
Oscillator ticks even again and Divergence from Price is apparent #3.
Bears hold Bulls to a Doji #2. 



Bulls stand off with Bears, results in a Doji...





Looking Forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Bears see some life once the Tenkan Sen #2 is taken out on the way down.
Last week's Doji and its possibilities can be a worthy study (click).



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