BSE Sensex - Ichimoku Study - Week: 21 May to 25 May 2012 - Pink Power for the Sensex

                            .....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.

Useful resources (free) from the Web:

http://www.freestockcharts.com/

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

Last 7 Signals seen on BSE 30 - Week Chart (EOW) as on chart below:

1. The Kijun sen cross: Weak Bullish Signal (K)

2. The Flat Kumo: Bullish Signal (Ko)

3. The Tenkan Sen/Kijun Sen Cross: Weak Bullish Signal (T)
4. The Kumo Breakout: Bearish Signal (B)

5. Chikou Span Cross: Strong Bearish Signal (C)

6. The Kijun Sen Cross: Strong Bearish Signal (K)

7. The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:  

The BSE Sensex 30 - End of Week Chart - 25 May, 2012.  

Last week we anticipated the Pink Chikou Span, Crossing the Price line (click) - this happened 'A' on Monday.

This Chikou Span Cross is a Weak Bullish Signal - Weak because it occurred below the Kumo.

We have a green candle after 4 red ones in a row.

Bulls have held back the Bear Onslaught.

Conclusion:

Breaching the red Tenkan Sen line is the next task for the Bulls - this gives them the trend.

We shall watch for that.