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Saturday, April 27, 2013

CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 22 April to 26 April: 2013 - Bears Cover



Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 26 April'13



Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 26 April'13



Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 26 April'13




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

Bulls head to the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5..
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls take over all screens.
Bulls are stopped by the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5.
MACD and its histogram tick up #6.
The short fuse indicator goes from pointing down, to a sharp up tick #2.



Taking support near the 13 SMA on the Week Charts - Bulls build on their gains of last week #3.





Looking Forward into the next Week:


Getting above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5, is important for the Bulls to continue the climb.
Bearish Cross of the 5 EMA and 13 SMA to be watched for #5.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW also to be watched for #3.
Bulls look to stay above the 13 SMA on the Week Chart #3 - the support for the next week.
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
On the Day Chart, the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5 is the resistance.



The Three Outside Down's effect #1 is on pause, and one watches the month close for direction on the same.




S&P 500 - Triple Screen 'Technical Analysis' - Week: 22 April to 26 April: 2013 - Bulls Take Back Some



S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 26 April'13



S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 26 April'13



S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 26 April'13




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

Bulls get back the short term screen..
Bears hold the new 'All time High' line #M1 & #D1
All screens are ruled by the Bulls now.
5 EMA re-crosses Bullishly above the 13 SMA #D1.
RSI and its MA remain crossed bearishly and peek back above oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.



Bulls wrest back the short term screen..



The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.
As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.





Looking forward into the next Week:

Day channel's, bottom green line is support and the 'All Time High' the resistance for the Bulls #D1 & #M1.
Bulls would want to clear the Triple Top Threat next...
Keeping the price, above the 5 EMA on the EOW #3, bulls remain strong.
Triple Top on the Long Term Screen, remains the bane of the Bulls for some more time
Long Term Bearish Harami happens, if April'13 closes below 1569 #M1.
Breaking the Day Channel's Bottom Green Line #D1 is the next task for the Bears...



Bears have the Long Term Bearish Harami as the next task - Bulls eye the new 'All Time High'.





The Dow Jones - Ichimoku Study - Week: 22 April to 26 April: 2013 - Bulls get some back



                             .....Regulars can skip below and go straight to the chart......

Introduction 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.



Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Kumo Breakout: Strong Bullish  Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (cC)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)



Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 26 April'13




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


Bulls get back some lost ground ..  #2..
The Oscillator #3 ticks even.
The Tenkan Sen is just as close as last week.#2


Advantage still held by the Bulls.





Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence less apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.


Bears look forward to a reversal and getting below the Tenkan Sen - Bulls see the  good times continuing..



BSE Sensex - Ichimoku Study - Week: 22 April to 26 April: 2013 - Kijun Sen Crossed



                     .....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.




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

New:
The Kijun Sen Cross: Strong Bullish Signal (K) 



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 26 April'13





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

Index clears the Kijun Sen line  #2.
Oscillator ticks up while in the negative.. #3.
Chikou Span stays above the price line #1.
Bulls keep above the MVWAP34  #2.


Bulls build on their gains, closing above the Kijun Sen.





Looking Forward into the next Week:

A Bullish Tenkan Sen-Kijun Sen Cross, should be the next Bull task #2.
Chikou Span getting below price line a must for the Bear run #1.
A Bearish Tenkan Sen-Kijun Sen Deflection, can give the Bears a sneaky win #2.



Deflection or Cross? A close watch of the Tenkan Sen and Kijun Sen lines warranted.