INDIAN STOCK Ichimoku Trade of the Week: Mar. 11 – Mar. 15, 2013.

This is the weekly trade for the Indian Stock Market.
We received an Email Alert on March 11, 2013 for a 3 time frame Buy / Sell opportunity.

There was an entry to go SHORT on NTPC LIMITED’s stock. The Entry was at Rs.148.29 and the Initial Stop for the trade was Rs.149.60. The risk of Rs1.35 per share. Target of Rs.145.78 just hit before a small pull back. As the target has been achieved, the trade has been closed. There has been a profit of Rs.2.47 per share and a Risk to reward of 1 : 1.83 per share.

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