>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.
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waiting for trigger longer the time it takes stronger it will become
@satishkumaragks, the breakout is on line chart nad we are trading breakout on candlestick chart and on that breakout is pending so enter with partial quantity on the breakout and remaining on retest if happen.