anuragcoma15

IRB - Facing Resistance

Short
NSE:IRB   IRB INFRASTRUCTURE
IRB is facing resistance and might give a chance to short

Short IRB below 234
Target 222 / 208
SL - 242
Trade active
Trade closed: stop reached: Stock crossed our SL. Hope all exited.

Loss - 234 -> 242 = Rs 8
If you traded in 1 lot your loss is -> 8 * 2500 = 20000

A bit disappointed here as I'm still bearish in this stock. Though it broke its resistance but went down from the resistance of 252. I think it can still be shorted but I'll wait till the level of 237 for confirmation