There was an signal to go SHORT on INDIAN OVERSEAS BANK’s stock. The Entry was at Rs.67.41 and the Initial Stop for the trade was Rs.68.60. A risk of Rs.1.19 per share. The price was being trailed based on proprietary Ichimoku system as the price started to move down in the favour of the trade. The stop got hit at Rs.62.25 on a retracement of the price after a substantial profit had been locked in. There was a profit of Rs.5.16 per share. The Risk to Reward ratio was 1 : 4.33.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at email@example.com
EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.