BSE Sensex - Ichimoku Study - Week: 24 June to 28 June: 2013 - Bullish Cross Bingo!

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

New:

The Kijun Sen Cross: Strong Bullish Signal (K)

BSE 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 28 June'13

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


After the long awaited Bullish Tenkan Sen & Kijun Sen Cross, of the week before last - Bulls see Green last week #2.
Price bounces off the Kumo #2.
Index pops big time to reach 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 a Engulfing Green Week #2.




Looking Forward into the next Week:


Tenkan Sen is the resistance now #2.
A Bearish Tenkan Sen - Kijun Sen Cross now, may give the Bears a sneaky win #2.
Chikou Span action vis-a-vis the price line is of critical importance #1.
With the Tenkan Sen staying above the Kijun Sen, Bulls can aim for new highs #2..  

Chikou Span and Tenkan Sen, are the action points for the Bulls next week ...