INDIAN STOCK Ichimoku Trade of the Week: FEDERAL BANK, December 24 – 28, 2012

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  • INDIAN STOCK Ichimoku Trade of the Week: FEDERAL BANK, December 24 – 28, 2012

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on December 24, 2012 for a 4 time frame Buy / Sell opportunity.

There was an entry to go LONG on FEDERAL BANK stock. The entry was at Rs 526.53 and the initial stop for the trade was Rs. 520.00. The risk of Rs. 6.53 per share. Profit has already been locked in at Rs. 535.77. If the price turns around from here and go downwards, there is a sure profit of Rs. 9.24 per share. If the price continues its upwards journey we will keep adjusting the stop and will lock in more profits.

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
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