REFEX
REFEX - Refex Industries🔹 Technicals:
▸ Giving a pullback after a big up move
▸ Price is very close to late May levels
▸ 300% up move from March bottom to the recent top
▸ Price is just below the 20, 50 EMA
▸ There are 2 zones of interest for buying - below the the 20, 50 EMAs, and second near the demand zone at 520-566
▸ Good chances of moving towards 1000
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
Refex all time high breakoutChart -> REFEX Daily
The stock has given an all-time high breakout today with great volume.
CMP: 353
Good Range: 330 to 350
Target: 400, 440
SL: 317 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
REFEX - Ichimoku Bullish Breakout Stock Name - Refex Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 177
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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REFEX - Monthly chart - Retest/Reversal + Flag BreakoutThe analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
REFEX - Possible BOLooking at the charts, REFEX seems to be breaking out past 9 months trendline.
If sustained - we should be seeing 160 levels very soon.
2022-07-26 - Price -116.35 - Today price crossed WK Piv Downside. Out of Squeeze & candlestick formation: Marubozu. close is above 20 -SMA on Daily time frame & below on W/M time frames.
2022-07-28 - Price crossed Cross WK Piv Upside, On Daily time frame SMA-13 Crossed SMA-55 upside. Also Normal NR7
2022-08-01 - Volume is 3-M - High. ADX >26 and DI+ >37. Close Crossing 4 week High, close is above SMA-20 on D/W/M time frame.The trend changed to +ve on M & W time frames.
2022-08-04: Price :130.15 ADX>31, RSI- Monthly :57.7 WeeKly:57.9 Daily:72.3. High on momentum.
Add to watchlist.
Refex Industries fire work started🌿🍂buy @ 140 -145 range
trgt 170-200-300+
not a buy recommendation,study guys🙏
Why was it selected❓
🔹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.,
Thank You.💚
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