INDIAN STOCK Ichimoku Trade of the Week: Feb.18 – Feb. 22, 2013.

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on February 20, 2013 for a 3 time frame Buy / Sell opportunity.

There was an entry to go LONG on Castrol India’s stock. The entry was at Rs.313.36 and the initial stop for the trade was Rs.310.17. The risk of Rs.3.19 per share. We have set our target at Rs.320.72 to close our entry. At present, the stop has been brought to Rs.315.77. If the price turns around from here, we are sure to get a profit of Rs.2.41 per share. If the price continues to go further towards our target we will exit the trade with Rs.7.06 per share of profit.

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About the Author Vinesh Midha