.....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)
The Flat Kumo: Bearish Signal (Ko)
New:
The Tenkan Sen Cross: Bullish Signal (Te)
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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 08 March'13 |
Learning from the Past Week: (click here for the post)
Bulls use support at the Kijun Sen take the Index above the Tenkan Sen #2.
Oscillator ticks down and Divergence to Price continues #3.
Chikou Span deflects from the Price line #1.
Bulls retake hold of the medium term Screen.
Looking Forward into the next Week:
Staying above the Kijun Sen & Tenkan Sen - Bulls have the edge #2.
Bears see strength, below the Tenkan Sen #2.
Chikou Span was the catalyst lst week, with a deflection #1.
A Bearish / Bullish Cross of the Tenkan Sen and Kijun Sen, is the next action point to watch.
