.....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 Chikou Span Cross: Strong Bullish Signal (Cc)
The Tenkan Sen Cross: Bullish Signal (Te)
The Kijun Sen Cross: Strong Bullish Signal (K)
New:The Kijun Sen Cross: Strong Bullish Signal (K)
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 07 May'13 |
Learning from the Past Week: (click here for the post)
Tenkan Sen & Kijun Sen lines stay met, precisely without a cross or deflection for the 4th week #2.
Chikou Span precisely meets the price line #1.
Chikou Span precisely meets the price line #1.
Index remains above the Kijun Sen, Tenkan Sen, MVWAP 34 confluence #2.
Index ranges above the confluence #2.
Oscillator ticks down #3.
Oscillator ticks down #3.
Kijun Sen and Tenkan Sen stay together for what may be the final week...
Looking Forward into the next Week:
A Bullish Tenkan Sen - Kijun Sen Cross, seems to be next on the charts #2.
Chikou Span getting below price line a must for the Bears #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
If the Chikou Span also bounces off the Price Line #1 - we have a powerful Bull run coming.
Deflection or Cross? Tenkan Sen could move above the Kijun Sen making a Bullish Cross next week - surprising the beleaguered Bulls and smug Bears...