🔹Company has reduced debt. 🔹Technically looks good. 🔹retested breakout level and expecting more upside. 🔹interesting business 🔹Company has delivered good profit growth of 50.40% CAGR over last 5 years. 🔹Company has a good return on equity (ROE) track record: 3 Years ROE 56.53%.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂 Refex Industries is engaged in the business of refilling of eco friendly Refrigerant Gases. The Company's portfolio consists of trading and re-filling of Refrigerant Gases. The Company is also into the sale of Electrical Energy based on the generation of power and Sale of Solar Accessories and Job service related works etc.,
How can we differentiate between a reversal and a retest?