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.

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