Stock-Holmes

REFEX INDUSTRIES... BREAKOUT

Long
NSE:REFEX   REFEX INDUSTRIES L
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.
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