INDIAN STOCK Ichimoku Trade of the Week: AMTEK AUTO Ltd., October 08 – 12, 2012

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on October 09, 2012 for a 3 time frame Buy / Sell opportunity.

There was an entry to go SHORT on AMTEK AUTO Ltd. stock. The entry was at Rs 86.71 and the initial stop for the trade was Rs. 90.34. The risk of Rs. 3.63 per share. Profit has already been locked in at Rs. 80.30. If the price turns around from here and go upwards, there is a sure profit of Rs. 6.41 per share. If the price continues its downward 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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About the Author Vinesh Midha