This is the weekly trade for the Indian Stock Market.
We received an Email Alert on August 27, 2012 for a 3 time frame Buy / Sell opportunity.
There was an entry to go short on TATA STEEL stock. The entry was at Rs.383.43 and the Stop for the trade was Rs.391.88. The risk of Rs.8.45 per share and the profit has already been locked in at Rs.365.00. If the stock price turns around from here and go upwards, there is a sure profit of Rs.18.43 per stock.
There was an entry to go short on HINDALCO stock. The entry was at Rs.109.26 and the Stop for the trade was Rs.112.75. The risk of Rs.3.49 per share and the profit has already been locked in at Rs.104.45. If the stock price turns around from here and go upwards, there is a sure profit of Rs.4.81 per stock.
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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