This is the weekly trade for the Indian Stock Market.
We received an Email Alert on April 08, 2013 for a 3 time frame Buy / Sell opportunity.
There was an entry to go LONG on RELIANCE COMMUNICATION LTD.’s stock. The Entry was at Rs.68.09 and the Initial Stop for the trade was Rs.63.79. The risk of Rs 4.30 per share. The stock started to move in the favour of the trade and the stops have been tightened. The current stop is at Rs. 74.50. The price is still moving in the favour of the trade. If the price retraces back from this point onwards, there is a sure profit of Rs. 6.49 per share. If the price keeps moving in the favour of the trade, the profit will be locked in accordingly. Current Risk to Reward ratio is 1 : 1.49.
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