Saturday, July 6, 2013

BSE Sensex - Ichimoku Study - Week: 01 July to 05 July: 2013 - Bullish Cross Pays off..

                     .....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.

Recent Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Chikou Span Cross:  Weak Bearish Signal (Cc)  
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)
The Kijun Sen Cross: Strong Bullish Signal (K)

The Tenkan Sen Cross:  Bullish Signal (Te)

BSE 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 05 July'13

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

After the Bullish '
Tenkan Sen - Kijun Sen' CrossBulls see another Green Candle #2.
Index peeps above the Tenkan Sen  #2.
Chikou Span remains just below the price line #1.
Oscillator ticks down  #3.

Bullish Cross of the Tenkan Sen & Kijun Sen produces more gains for the Bulls #2.

Looking Forward into the next Week:

Tenkan Sen is the support the Bears need to break now #2.
A Bearish Tenkan Sen - Kijun Sen Cross now, may give Bears the booty #2.
Chikou Span action vis-a-vis  the price line remains critically important  #1.

Chikou Span is the action point for the Bulls next week ...