CNX Nifty 50 - Triple Screen 'Technical Analysis' - Channel Top (about time) - Week 1 of February 2015.

Learning from last Week: (click here for the previous post)

Patterns:

• Index reaches the Top of the Weekly Channel - we have been waiting on this channel from April 2014 (post) #W1. 
• Bulls pull index up to  a new ATH in Jan'15, engulfing the Dec'14 candle #M1.

Support & Resistance:

• Bears get their wish as the Index closes below the 5 EMA on the Day Chart #D1.
• Bulls return, from the R2 on the Jan 2015 pivot #M1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOW, stay crossed Bullishly #D1.

Indicators:

• STS stays in the over bought #W2.

Wrap:

Bulls after meeting the mark R2 on the January Pivot, fall hard, to below the Daily 5 EMA #M1. 
Bears hold off Index, at the Weekly Channel's Top #W1.

Looking Forward into this Week:

Patterns:

• Channel Top resistance of the Medium Term Channel, perks up Bear hopes #W1.
• 'Bullish Engulfing' on the Long Term Charts, becoming a Three Outside Up (Study Links here, here or elsewhere) to be watched for #M1.

Support & Resistance:

• Index resistances that the Bulls would want to get above this week, are the current ATH (8997) and the Wall for February 8952.
• Support Levels that the Bears would love to get below, are 8623 (5 EMA on the Weekly Charts) and 8456 (13 SMA on the Weekly Charts).

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - these MA's are currently steady #D1.

Indicators:

• STS, staying above the overbought line, demonstrates the Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying below the Daily 5 EMA, Bears seek to get stronger and get back some more lost ground.
Bulls look forward to a Three Outside Up triggering, with a February Close above 8809 #M1.

BSE Sensex - Ichimoku Study - Breakout Pause - Week 1 of February 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the post)

Index  after improving on last ATH - goes red for a pause #W2.
Senkou Span A & B - gap steady and rising #W3.
The gap between Tenkan Sen and Kijun Sen steady and the lines also climb #W2


Wrap: Index post breaks out, from the range, around the Tenkan Sen and the Kijun Sen - makes a pause #W2



Looking Forward into this Week:

A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more months #W1.
Bears seek to get the Kijun Sen above the Tenkan Sen and take out the last Index low #W2.


Wrap: Bulls Seek new All Time Highs (ATH), whereas Bears look at moving the index below the 'Tenkan Sen - Kijun Sen' range #W2.

Say ...

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Bullish Engulfing? - Week 5 of January 2015.

Learning from last Week: (click here for the previous post)

Patterns:

• November and December 2014 candles on Month screen #M1, formed a 'Bearish Engulfing' which failed to make make it to a 'Three Outside Down' as of now #M1. 
• Bulls pull index up to  a new ATH this month, engulfing the December 2014 candle as of now #M1.

Support & Resistance:

• Index closes above all the MAs that we track.
• Bulls approaches the R2 on the month pivot #M1.

Moving Averages: 

• The critical 5 EMA and 13 SMA on the EOW, cross Bullishly #D1.

Indicators:

• STS stays in the over bought #W2.

Wrap:

Bulls after keeping above our mark of 8283 early in the month, breakout to make new ATH - Bears are now defending the new ATH or R2 on the Month Pivot #M1.

Looking Forward into this Week:

Patterns:

• 'Bearish Engulfing' on the Monthly Charts becoming a 'Three Outside Down', is now as remote, as that of January closing below 8283 (Study Links here, here or elsewhere) #M1.
• 'Bullish Engulfing' of January Candle over December 2014 (Study Links here, here or elsewhere)  is on,  if this month's candle closes above 8606 #M1.

Support & Resistance:

• Index resistances that the Bulls would want to get above this week, are the current ATH (8866) and R2 on the Monthly Pivot #M1
• Support Levels that the Bears would love to get below, are 8606 and 8283.

Moving Averages: 

• Golden Cross (study here, here or elsewhere) of the 50 & 200 SMA is on - these MA's are currently steady #D1.

Indicators:

• STS, moving below the overbought, would pause the 3+ quarter long, Bull domination of the Medium and Long Term Screens #W2.

Wrap :

Staying above 8606, Bulls look to carry on into the next month with strength #M1.
Bears need to pick up the fight afresh, with a move below the 5 EMA on the EOD #D1.

BSE Sensex - Ichimoku Study - Tenkan Sen to Breakout - Week 5 of January 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the Earlier Study: (click here for the post)

Index  after breaking out above the Tenkan Sen and moving above the previous high, strikes out a new ATH #W2.
Senkou Span A & B - gap steadies #W3.
The gap between Tenkan Sen and Kijun Sen steadies #W2


Wrap: Index breaks out, from the range, around the Tenkan Sen and the Kijun Sen #W2



Looking Forward into this Week:

Senkou Span 'A & B' converging will be bad for the Bulls #W3.
A Bearish, Chikou Span cross with Price line, at current altitude, will need a few more months #W1.
Bears seek to get the Kijun Sen above the Tenkan Sen and take out the last Index low #W2.


Wrap: Bulls Seek new All Time Highs, whereas Bears look at moving the index below the 'Tenkan Sen - Kijun Sen' range #W2.