Description
⋅ 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.