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 64.21, Initial Stop of Rs 58.84 and a Preserve Mode of Rs 101.02 was set. That gave us a risk of Rs. 5.37 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 did not reach the anticipated preserve mode and started to pullback falling short of the preserve mode. However, as a trailing stop method was being applied after the entry, the trade exited on a pullback at the price of Rs 94.31, thus giving us a profit of Rs. 30.10 Per Share. This trade gave a Risk to Reward Ratio of 1 : 5.61. Here is the chart setup:
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