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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