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Ichimoku forecast: Ichimoku Kinko Hyo is Japanese for “one glance cloud chart.” It consists of five lines called Tenkan-sen, Kijun-sen (sen is Japanese for line), Senkou Span A, Senkou Span B and Chinkou Span. The calculation uses four different time periods which we call termT, termK, termS and termC. The Ichimoku Kinko Hyo is graphed over the closing price line. The space between the Senkou spans is called the Cloud, and is usually graphed in a hatched pattern.
The word Ichimoku can be translated to mean “a glance” or “one look”. Kinko translates into “equilibrium” or “balance”, with respect to price and time, and Hyo is the Japanese word for “chart”. Thus, Ichimoku Kinko Hyo simply means “a glance at an equilibrium chart”, providing a panoramic view of where prices are likely to go and the position one should undertake.
Above Chart Shows the High Probablity trades from the Nifty weekly charts…
Rules are simple
1)Buy if Candle closes above the cloud.
2)Sell if Candle closes below the cloud
Sample Weekly Charts from Ratnamani metals with ICIMOKU Indicator showing Breakout
dear rajandran,can v buy the below mentioned stocks fr possible gains of 30 percent,irrespective of the market movements?coz u hv posted to short nifty futures with a stoploss of 4621.if yes,then which ones can turn out to b the better picks.plz reply. thnx fr ur services in the past,i hv benefitted really.rashmi
Yes rashmi,As the risk level is very low in these stock when compared to Nifty.
Dear Rajandran,I am amazed by the diversity and depth of knowledge you possess. Thanks for bringing out these pearls.Best regards.rm
u there sir
Always wondering about ur deep knowledge in market.Thanking for posting different kind of chart methods.
dear rajandran,my thanks to you,holding zicom96,aries53,northgate47,ingvysya169.
Hi RajandranI have 200 shares of Suzlon at Rs113 should i hold it for sometime or go for selling?Also what about the future of DCHL? I have 200 shares of DCHL also at Rs.78. Should i hold for some time?Also i'll be thankful if you can shed some light on the future of TEMPTATION FOODS? I have 300 shares of this stock at Rs40 and at present this is trading in lower circuit and cmp is Rs46 i think.Please suggest some good shares also.Thanks a lot in advance
Hi Rajandran,I have a query for u.Where can i find accurate data during mkt hours or EOD for options greeks related to FNO stocks traded in the Indian stock market ?Thank you.Have a nice day !
Dear author, the close of a candle above or below the cloud is not the only signal. There is also the Kijn Sen Cross, and the Senko Span Cross, and the Chiko Span Cross. I can not believe you are using three other indicators under your ichimoku chart. The Ichimoku chart is an integrated charting system, and it does need any other indicators.
@Adam
Yeah man I know that But still wanna code the rule simple.
Kijn Sen Cross, and the Senko Span Cross, and the Chiko Span Cross could produce more noise to the system
cross over of tinkensen and kijun sen is a powerfull indicater as i tested in most of the charts.one draw back of chartnexus software is the colour of the cloud. if it was like metastock plug in problem is solved for me as i have chartnexus free version.
above chart is from chartnexus