INDIAN STOCK Ichimoku Trade of the Week: May 13 – May 17, 2013.

This is the weekly trade for the Indian Stock Market. We received an Email Alert on May 13, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go LONG on ICICI BANK LTD.’s stock. The Entry was at Rs.1178.42 and the Initial Stop for the trade was Rs.1156.92. A risk of Rs.21.40 per share. The target was set at 1231.00 based on proprietary Ichimoku system. As expected, the trade moved in the favour and the target was achieved. The target of Rs.1231.00 was hit and a profit of Rs.52.58 per share was encashed. The Risk to Reward ratio was 1 : 2.44.

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 info@eiicapital.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.

About the Author Vinesh Midha