On Apr. 20, 2014, we received an Ichimoku 4 multiple time frame buy email alert on Bharati Airtel Limited for the Indian Stock Market. The email is shown below:
The email alert was for a break out of the stock on the bullish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bullish side, it had a strong momentum supporting it. There was an ideal opportunity to take a break out trade. The entry was at Rs 331.26, Initial stop of Rs 324.96 and a preserve mode of Rs 346.18 was set. That gave us a risk of Rs. 6.30 per share. The Entry, Initial Stop and the Target were based on proprietary ichimoku strategy. As soon as the price started to move in the direction of the trade, a trailing stop method was applied, again based on proprietary Ichimoku Strategy. The price stopped short of hitting the target and made a small pullback. The profit was trailed based on proprietary ichimoku system and the current stop is Rs 354.42, thus assuring us of a minimum profit of Rs 3.16 per share, if the price retraces further down. As anticipated, if the price hits the predetermined target of Rs 346.18, it will give us a net profit of Rs 14.92 per share, with a Risk : Reward ratio of 1 : 2.37. Here is the chart setup:
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