INDIAN STOCK Ichimoku Trade of the Week: Apr. 22 – Apr. 26, 2013.

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on April 25, 2013 for a 3 time frame Buy / Sell opportunity.

There was an entry to go LONG on Dr. REDDY”S LABORATORIES LTD.’s stock. The Entry was at Rs.1918.22 and the Initial Stop for the trade was Rs.1882.69. A risk of Rs.35.53 per share. The price was being trailed based on proprietary Ichimoku system as the price started to move up in the favour of the trade. The stop got hit at Rs. 1989.40 on a retracement of the price after a substantial profit had been locked in. There was a profit of Rs.71.18 per share. The Risk to Reward ratio was 1 : 2.01.

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About the Author Vinesh Midha