Irfc is an Indian railway finance company , who is undervalued right now. The correct time to invest in irfc is this because it has crossed the last high . While , we look in for the fundamentals of the company it is far better as compared to irctc and rvnl , Each quarter it is providing huge profits with assured dividends, so, guys I suggest to invest in this for...
>Forming a triangle on 4-hour time frame
>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...
IRFC can come in Bullish Trend.
Patterns Formed in 1 Day Chart
An inverted Head and Shoulder Pattern is formed.
A Triangle Pattern is Formed in a 1 Dayly chart.
Morning Star Pattern in 1 Dayly Chart
Pattern Formed in 1 Week Chart
A Triangle Pattern is Formed in a 1 Weekly chart.
CMP: - 23.80 rs
Dayly Target Price: - 25.2 - 26 rs
Weekly Target - 26rs + (...
IRFC looking good on daily timeframe, if w manage to hold the mentioned level i.e 23.15, we can also buy at red markers once it starts to move up after testing the marked level
Short term target can be up to life time high which is 26.7.
Hold Duration 2-2.5 months
Entry Price -23.15-23.40