There was a signal to go LONG on HINDUSTAN ZINC LTD’S stock. The Entry was at Rs. 108.68 and the Initial Stop for the trade was Rs. 104.77. A risk of Rs. 3.91 per share. The entry and the target were preset based on Proprietary Ichimoku Strategy. The price hit the entry point and started to move in the favour of the trade, as anticipated, the price hit the previous set target of Rs. 119.40. A profit of Rs. 10.62 per share was encashed thus giving us a Risk : Reward ratio of 1 : 2.80.
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