>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
>IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
>RSI has bullish divergence on daily timeframe.
> There is no past trading data at this level so the target shall be a measured move of triangle range.
#Fundamentals
>Current price is below its intrinsic value. >Its P/E ratio is less than its peers, which makes it undervalued. >The financials are getting better and the company reported increased profit. >Revenue is growing at a higher rate than the industry average.
Trade ativo
waiting for trigger longer the time it takes stronger it will become
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