Saturday, March 2, 2013

BSE Sensex - Ichimoku Study - Week: 25 February to 01 March, 2013 - Bulls seek support @ Kijun Sen



                     .....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)

Last:
The Tenkan Sen Cross:  Weak Bearish Signal (Te)  



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 01 March'13



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

Bears keep the Index below the Tenkan Sen #2 - again.
Oscillator ticks down and Divergence to Price continues #3.
Chikou Span dives towards the Price line #1.
Bulls halt slide at the Kijun Sen - MVWAP 34 junction #2.



Bulls hold the slide near the confluence of the Kijun Sen and MVWAP 34 last week. Bears retain hold of the Screen.




Looking Forward into the next Week:

Staying above the blue Kijun Sen - Bulls still have an edge #2.
Bears see strength, staying below the Tenkan Sen #2.
Chikou Span could be the catalyst with a cross or deflection #1.


A Bearish Cross of the Tenkan Sen and Kijun Sen is the next Bear Agenda.