Saturday, March 23, 2013

BSE Sensex - Ichimoku Study - Week: 18 March to 22 March, 2013 - Bears force the pace..

                     .....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 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)

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.
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..