.....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 Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
The Kumo Break-out: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen Cross: Bearish Signal (Te)
New:
The Chikou Span Cross: Weak Bearish Signal (Cc)
The Kijun Sen Cross: Weak Bearish Signal (K)
BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 22 March'13 |
Learning from the Past Week: (click here for the post)
Bears bring index below the Kijun Sen #2.
Oscillator ticks down #3.
Chikou Span touches the Price line and makes a hair thin Bearish Cross #1.
A Bearish Chikou Span Cross as well as a Bearish Kijun Sen Cross, gives the bears the medium term screen..
Looking Forward into the next Week:
Getting above the Kijun Sen a must for Bulls next week #2.
Chikou Span staying below price line is good for Bears #1.
Chikou Span staying below price line is good for Bears #1.
A Bearish Cross of the Tenkan Sen and Kijun Sen #2, would break the Bull's back.
A deflection of the Chikou Span #1, from the price line would be the Bull prayer for the next week..