.....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 Kijun Sen Cross: Weak Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
New:
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..