.....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)
Last:
The Tenkan Sen Cross: Strong Bullish Signal (Te)
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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 04 Jan '13 |
Learning from the Past Week: (click here for the post)
Bulls after a few weeks of ranging, trend up, above the Tenkan Sen #1.
Oscillator ticks even #2.
Bulls break the range of a few years and take the Sensex higher.
Looking forward into the next Week:
Staying above the Kumo - advantage is with the Bulls.
Bears get a life once the Tenkan Sen #1 is taken out on the way down.
Distant possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..
