hi sri.. """"ICHIMOKU KINKO HYO Gave a sell signal today with the cross of Tenkan-Sen(Conversion line) moving below Kijun-Sen(base line), Since the cross is below Komu (Cloud)the degree of bearishness is high. Also since the fall from 6339 its for the first time the prices are coming near the komu currently @5478,the bulls will gain more strength once the Nifty starts trading in the cloud. """""
1 There is no sell signal as such. Tenkensen value is 5442, Kijunsen value is 5420. Price close is below kijun. The price action below the cloud (indicated in rose colour in today's chart) and this bearish action is going on from November 26 onwards. My reading is now we are moving into bullish phase. 2. Cloud width is narrowing means volatility is reducing and channel pattern looks like tight flag..now you can work out upside potential. 3. Possibility of bullish crossover with span B crossing Span A sometime in April third week probably
3 comments:
hi sri..
""""ICHIMOKU KINKO HYO
Gave a sell signal today with the cross of Tenkan-Sen(Conversion line) moving below Kijun-Sen(base line), Since the cross is below Komu (Cloud)the degree of bearishness is high.
Also since the fall from 6339 its for the first time the prices are coming near the komu currently @5478,the bulls will gain more strength once the Nifty starts trading in the cloud.
"""""
can u explain a bit
manu,
1 There is no sell signal as such. Tenkensen value is 5442, Kijunsen value is 5420. Price close is below kijun. The price action below the cloud (indicated in rose colour in today's chart) and this bearish action is going on from November 26 onwards. My reading is now we are moving into bullish phase.
2. Cloud width is narrowing means volatility is reducing and channel pattern looks like tight flag..now you can work out upside potential.
3. Possibility of bullish crossover with span B crossing Span A sometime in April third week probably
thnx sri..
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