BSE Sensex - Ichimoku Study - Week: 13 May to 17 May: 2013 - Meeting for Deflection or Cross

                     .....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 Chikou Span Cross:  Strong Bullish Signal (Cc)  

The Tenkan Sen Cross:  Bullish Signal (Te)
The Kijun Sen Cross: Strong Bullish Signal (K) 

New:

The Tenkan Sen/Kijun Sen Meet: Awaited a Strong Bullish Signal (T)

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 17 May'13

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

Tenkan Sen & Kijun Sen lines meet precisely without a cross or deflection yet #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 meet exactly.

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.
Meeting of the Tenkan Sen and Kijun Sen needs resolution either way #2.

Deflection or Cross? Tenkan Sen and Kijun Sen are equal and  this can cause the index to range.