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Rajesh_roots_108
Apr 17, 2024 7:26 AM

REFEX_Long_Support&Resistance Long

REFEX INDUSTRIES LNSE

Description

MCAP=₹ 1,500 Cr., CMP < IV (₹ 380), RoCE/RoE > 45%, PEG<1, PE<IND PE,

SENSATIONAL PROFIT/RoE/SALES GROWTH consistently for the last 5 years, go thru the numbers.

Pledge=6.31%

MUST TO BUY ON DIPS at PROPER SUPPORT LEVELS.
Comments
Rajesh_roots_108
The real power of support and resistance, the previous higher high was taken as a lower low as support and breached the resistance. Potentially Refex got good numbers with Quarterly and Annual results, keep an eye, when it reaches the root / support to accumulate the same.
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