BSE Sensex - Ichimoku Study - Week: 11 March to 15 March, 2013 - Bears Force Retreat

                     .....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)

New:

The Tenkan Sen Cross:  Bearish Signal (Te)

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 15 March'13

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

Bulls use support at the Kijun Sen to prevent a crash #2.
Bears bring index below the Tenkan Sen again #2.

Oscillator ticks down #3.

Chikou Span again heads towards the Price line #1.

Bulls and Bears even on the medium term Screen.

Looking Forward into the next Week:

Staying above the Kijun Sen - Bulls have some relief #2.

Bears see strength, below the Tenkan Sen #2.

Chikou Span meeting price line is good for Bears #1.

A Bearish / Bullish Cross of the Tenkan Sen and Kijun Sen, is the next action point to watch.