REFEX INDUSTRIES... BREAKOUT
Updated
Refex industries- A top-performing small-cap stock in the commodity chemical sector.
PE ratio: 13.9; ROE & ROCE > 40.
A pennant pattern breakout can be seen in the day chart. The stock price has also taken support at the 200ema.
A follow-up green candle will confirm the uptrend.
One can buy and hold the stock after confirming the breakout. My stop loss will be below the 200ema.
PE ratio: 13.9; ROE & ROCE > 40.
A pennant pattern breakout can be seen in the day chart. The stock price has also taken support at the 200ema.
A follow-up green candle will confirm the uptrend.
One can buy and hold the stock after confirming the breakout. My stop loss will be below the 200ema.
Trade closed: target reached
Wish I had held on so long! Beatiful rally!
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