INDIAN STOCK Ichimoku Trade of the Week: Apr. 29 – May. 03, 2013.

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  • INDIAN STOCK Ichimoku Trade of the Week: Apr. 29 – May. 03, 2013.

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on April 30, 2013 for a 4 time frame Buy / Sell opportunity.

There was an signal to go SHORT on INDIAN OVERSEAS BANK’s stock. The Entry was at Rs.67.41 and the Initial Stop for the trade was Rs.68.60. A risk of Rs.1.19 per share. The price was being trailed based on proprietary Ichimoku system as the price started to move down in the favour of the trade. The stop got hit at Rs.62.25 on a retracement of the price after a substantial profit had been locked in. There was a profit of Rs.5.16 per share. The Risk to Reward ratio was 1 : 4.33.

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

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