JCHAC going for a Kijun bounce after entering a C Clamp.
We have taken position in the stock at
CMP = 2516
Stop Loss = 2375
Target = 2900-3100-3300
Note: This is an educational idea showing how Kijun Sen can act as a moderate support. Enter any financial position after assessing your own risk / consulting an authorized financial advisor.
This is EUR/USD, a 1-month timeframe chart in which I have used the Ichimoku indicator.
It is always said to respect the cloud. You can see TENKAN SEN and KIJU SEN are going ahead on a single path.
It has a slight upward movement. Both the lines are below the cloud, suggesting SELL signal only if the TENKAN SEN had CROSSED KIJU SEN, but be careful when you trade...
Hello, this is COALINDIA 4 hour time frame chart.
I have mentioned only the formula of Kijun & Tanken in this chart.
Tenkan = (Highest high of 9 periods + Lowest low of 9 periods) ÷ 2
Kijun = (Highest high of 26 periods + Lowest low of 26 periods) ÷ 2