December 30

INDIAN STOCK Ichimoku Trade of the Week: FEDERAL BANK, December 24 – 28, 2012

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This is the weekly trade for the Indian Stock Market.
We received an Email Alert on December 24, 2012 for a 4 time frame Buy / Sell opportunity.

There was an entry to go LONG on FEDERAL BANK stock. The entry was at Rs 526.53 and the initial stop for the trade was Rs. 520.00. The risk of Rs. 6.53 per share. Profit has already been locked in at Rs. 535.77. If the price turns around from here and go downwards, there is a sure profit of Rs. 9.24 per share. If the price continues its upwards 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
EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.


Tags

Bombay Stock Exchange, BSE, Ichimoku, Ichimoku Day Trading, Indian Stock, Indian Stock Exchange, Indian Stock Trade, National Strock Exchange, Nifty, NSE, Sensex, Trading Strategy.


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