.....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 Kumo Break-out: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen Cross: Bearish Signal (Te)
The Kijun Sen Cross: Weak Bearish Signal (K)
New:
The Kijun Sen Cross: Weak Bearish Signal (K)
New:
The Chikou Span Cross: Weak Bearish Signal (Cc)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 05 April'13 |
Learning from the Past Week: (click here for the post)
Bulls fail to avoid the Bearish Tenkan Sen - Kijun Sen Cross #2.
Oscillator continues to tick down #3.
Chikou Span crosses under the price line to make a weak Bearish Signal #1.
A Bullish Chikou Span Cross / Deflection of last week, was not held by the Bulls, Bears continue with the fall..
Looking Forward into the next Week:
Getting above the Tenkan Sen would be the next Bull task #2.
Chikou Span staying below price line a must for the Bear run #1.
The Bearish Cross of the Tenkan Sen and Kijun Sen #2, stays on unless Bulls take off from here and reach Feb'2013 levels...
Next notable resistance for the Bears is the Kumo - Bulls would hope it does not have to go there...
