This is the weekly trade for the Indian Stock Market. We received an Email Alert on May 13, 2013 for a 3 time frame Buy / Sell opportunity.
There was a signal to go LONG on ICICI BANK LTD.’s stock. The Entry was at Rs.1178.42 and the Initial Stop for the trade was Rs.1156.92. A risk of Rs.21.40 per share. The target was set at 1231.00 based on proprietary Ichimoku system. As expected, the trade moved in the favour and the target was achieved. The target of Rs.1231.00 was hit and a profit of Rs.52.58 per share was encashed. The Risk to Reward ratio was 1 : 2.44.
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