.....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)
Ongoing:
The Tenkan Sen/Kijun Sen Meet: Awaited a Strong Bullish Signal (T)
New:
New:
The Chikou Span Cross: Weak Bearish Signal (Cc)
The Tenkan Sen Cross: Bearish Signal (Te)
The Kijun Sen Cross: Weak Bearish Signal (K)
The Kijun Sen Cross: Weak Bearish Signal (K)
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| BSE 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 14 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 5th week #2.
Chikou Span Bearishly crosses the price line #1.
Chikou Span Bearishly crosses the price line #1.
Index slides below the Kijun Sen, Tenkan Sen, MVWAP 34 confluence #2.
We have Three #2 Weak (above Kumo) Bearish Signals as above.
Oscillator ticks down #3.
Last Day of the week produces a long tail to the weekly candle #2.
Kijun Sen and Tenkan Sen remain together even as three Weak Bearish Signals are produced...
Looking Forward into the next Week:
A Bullish Tenkan Sen - Kijun Sen Cross, failed to appear last week - remains on the cards for next week #2.
Chikou Span getting above price line required for above #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
Chikou Span getting below price line did not help above #1.
Chikou Span getting below price line did not help above #1.
This week's three weak Bearish Signals can reverse to three strong Bullish Signals - if Bulls take off from Friday's up move..
Tenkan Sen could move above the Kijun Sen making a Bullish Cross - to the relief of the hopeful Bulls and the chagrin of the bemused Bears...
