$NIFTY $SENSEX Ichimoku Trade of the Week $HDFC Day Trade

$NIFTY $SENSEX Ichimoku Trade of the Week $HDFC Day Trade.   On March 27, we received a 7 Time frame Ichimoku Buy Email alert for $HDFC.EQ-NSE, Housing Development INR2.  Here is the email alert received.

2017-04-07_093211_hdfc

Our trading plan only allows us to trade Strategy #4.   Looking at the email alert, we only had one time frame we can trade which is the 30m.   Below is the 30m chart provided by TradingView.

2017-04-07_094659hdfc_30m

The 30m chart shows the Entry=1474.06, Initial Stop of 1450.99, and Preserve Mode of 1497.46.

On March 28, we entered Preserve mode.   In preserve mode, you take either 50% or 75% of your positions off and tighten your stop.    The trade was exited at a price of 1518.75.

Both instruments indicate the Chinese stock market is bullish.   However, it is not trending yet.    both instruments are at the major resistance but haven’t broken it yet.

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 can not 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 Manesh Patel