Saturday, April 20, 2013

BSE Sensex - Ichimoku Study - Week: 15 April to 18 April, 2013 - Repulsed by the Kumo..

                     .....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 Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Kijun Sen Cross: Weak Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T) 

The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 18 April'13

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

Index gets repulsed by the Kumo  #2.
Oscillator ticks some more into the negative.. #3.
Chikou Span pops above the price line #1.
Bulls get above the Tenkan Sen #2.

Bulls pull back, as they near the Kumo..

Looking Forward into the next Week:

Staying above the Tenkan Sen, should be the next Bull task #2.
Chikou Span getting below price line a must for the Bear run #1.
Kijun Sen next task for Bulls... #1

Next notable resistance for the Bears is the Kumo - Bulls eye the Kijun Sen..