INDIAN STOCK Ichimoku Trade of the Week: June 03 – June 07, 2013.

This is the weekly trade for the Indian Stock Market. We received an Email Alert on June 03, 2013 for a 5 time frame Buy / Sell opportunity.

There was a signal to go SHORT on Neyveli Lignite Corporation LTD.’s stock. The Entry was at Rs.65.89 and the Initial Stop for the trade was Rs.67.24. A risk of Rs.1.35 per share. As expected, the trade moved in the favour and and the profit has already been locked in at Rs.62.96, based on Proprietary Ichimoku system. If the share price turns around from here and goes upwards, there is a sure profit of Rs.2.93 per share. If the price continues to follow in the favour of the trade, more profits will be locked in. The Risk to Reward ratio was 1 : 2.17.

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About the Author Vinesh Midha