On Sept. 18, 2013, we received an Ichimoku 4 multiple time frame Buy email alert on I T C Ltd. for the Indian Stock market. The email is shown below.
There had been a consolidation pattern since last few days and the stock was looking to break on either side. As soon as the price broke on the bullish side, it had a strong momentum supporting it. There was an ideal opportunity to take a break out trade as there was a support of the trade by an email alert. The entry was at Rs 317.86. Initial stop of Rs 305.98 and a target of Rs 354.56 was set. That gave us a risk of Rs 11.88 per share. The trade was exited out with a profit of Rs 36.70 per share. There was a Risk : reward of 1 : 3.1. Here is the chart setup:
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 or email us at info@eiicapital.com
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