.....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/Kijun Sen Cross: Weak Bearish Signal (T)
The Chikou Span Cross: Strong Bullish Signal (Cc)
The Tenkan Sen Cross: Bullish Signal (Te)
New:
The Kijun Sen Cross: Strong Bullish Signal (K)
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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 10 May'13 |
Learning from the Past Week: (click here for the post)
Tenkan Sen & Kijun Sen Converge for a cross or deflection #2.
Index remains above the Kijun Sen line #2.
Oscillator ticks up into '+' territory. #3.
Chikou Span soars above the price line #1.
Bulls build on their gains, Kijun Sen and Tenkan Sen a whisker away from each other.
Looking Forward into the next Week:
A Bullish Tenkan Sen - Kijun Sen Cross, should be the next Bull ask #2.
Chikou Span getting below price line a must for the Bears #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, can give the Bears a sneaky win #2.
Deflection or Cross? Tenkan Sen and Kijun Sen can deflect Bearishly if the up move pauses now.
