.....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)
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 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.