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February 22, 2015

Learn online cloud charts.Turn on to page 52-53

 What comes to your
mind on hearing
“Ichimoku Kinko
Hyo” for the first
time? Well, if you say that you feel
like being instructed by a sensei in a
karate class, we can’t blame you for
the faux pas. However, you can still
use Ichimoku Kinko Hyo as a
formidable tool in your arsenal in
your fight against the demons of the
stock markets.
Ichimoku Kinko Hyo is in fact a
charting technique developed by a
Tokyo newspaper writer, Goichi
Hosoda in the 1960s. In Japanese,
Ichimoku means “a glance”, Kinko
means “equilibrium” and Hyo means
Ichimoku Kinko Hyo or cloud charts is a tool that
uses candlestick charts to forecast price
movements of stocks
Ichimoku Kinko Hyo:
It’s All In The Cloud
“chart.” This basically translates into
“one look equilibrium chart,” which
is why it is also known as Equilibrium
Chart. The chart aims to give you the
supports and resistances, trend
directions, strength of the momentum,
and buy and sell signals all at one
glance at the chart.
Since the chart was developed by a
newspaper writer and not by some
mathematician or statistician, it is
quite simple in its calculation as well
as application. The main feature of
this chart is the formation of clouds,
(we will learn about this in detail as
we go along) and, hence, it is most
commonly known as Ichimoku Cloud
in most charting software.
The Ichimoku chart consists of 5
main lines. These lines are based on
the averages of highs and lows over a
given period of time.
1. Tenkan-sen (Conversion Line) (9
period high + 9 period low/2)
It is simply the midpoint of the last 9
trading days/periods calculated by
averaging the highest high and the
lowest low for the past 9 periods
(which is almost 2 weeks). Since the
period is small (9 periods),
Tenkan-sen is the fastest and the most
sensitive line and follows the price

1 comment:

pranjali upadhyay said...

The FIIs were net buyers of Rs 516.06 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 19.70 cr, as per the provisional figures released by the NSE.

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