INDIAN STOCK Ichimoku Trade of the Week: July 08 – July 12, 2013.

This is the weekly trade for the India Stock Market. We received an Email Alert on July 10, 2013 for a 4 time frame Buy / Sell opportunity.

There was a signal to go LONG on AREVA T&T INDIA LTD.’s stock. The Entry was at Rs.166.30 and the Initial Stop for the trade was Rs.163.60. A risk of Rs.2.70 per share. There were Two targets for the trade. On price hitting the first target, half of the traded lot was encashed and the other half is being trailed and will be traded out on price reaching the second target. On the first half, the profit encashed is Rs.6.57 per share, giving us a Risk : Reward Ratio of 1 : 2.33.

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About the Author Vinesh Midha