Sensex India Stock Exchange Ichimoku Trade of the Week Patelen-bom 8-24-12

On 8/15/2012, we received a 5 time frame Ichimoku sell on the Indian Stock PATELEN-BOM, Patel Engineer BSE Indonext on the Bombay Stock Exchange. The email is shown below:

The chart is shown below. The entry is 82.02, initial stop of 83.65 with preserve mode value of 76.07. This is a min. reward of 5.95 and a max risk of 1.63. This is a min. reward of 365%. We did a 2h pull back trade to keep our risk low since we had a major resistance around 76.00.

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 Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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

About the Author Manesh Patel