INDIAN STOCK Ichimoku Trade of the Week: Aug 18 – Aug 23, 2013.

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  • INDIAN STOCK Ichimoku Trade of the Week: Aug 18 – Aug 23, 2013.

This is the weekly trade for the Indian Stock Market. We received an Email Alert on August 23, 2013 for a 4 time frame Buy / Sell opportunity.

There was a signal to go LONG on HINDUSTAN ZINC LTD’S stock. The Entry was at Rs. 108.68 and the Initial Stop for the trade was Rs. 104.77. A risk of Rs. 3.91 per share. The entry and the target were preset based on Proprietary Ichimoku Strategy. The price hit the entry point and started to move in the favour of the trade, as anticipated, the price hit the previous set target of Rs. 119.40. A profit of Rs. 10.62 per share was encashed thus giving us a Risk : Reward ratio of 1 : 2.80.

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