This is the weekly trade for the Indian Stock Market.
We received an Email Alert on January 29, 2013 for a 3 time frame Buy / Sell opportunity.
There was an entry to go SHORT on ALLAHABAD BANK’s stock. The entry was at Rs165.81 and the initial stop for the trade was Rs.171.90. The risk of Rs6.09 per share. Profit has already been locked in at Rs.161.90. The next target for the price to reach and the exit would be at Rs155.64. If the price turns around from here and go upwards, there is a sure profit of Rs.3.91 per share. If the price continues its downwards journey and hits our exit target, there will be a profit of Rs10.71 per share.
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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