Apr 14, 2011

Sensex now

Sensex rode up the TS, slipped below,
bounced on the 20ema and now it is
above the TS and KS in the short param of Ichimoku, with TS remaining above KS.
CS is bullishly aligned.
Kumo is widening into future.

The falling trendline is tested again by the closing.
The 34ema, 89ema and 144ema are converged.
The emas are aligned bullish.
On the medium param, the Kumo is aligned horizontal, cloud top giving support. TS and KS are diverging, forming strength to the momentum. Price action has moved above the TS.
CS is at the cloud top, within.
KS withing cloud moving sideways.

The coming session would be interesting.

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