REFEX INDUSTRIESRefex industries is making a harmonic pattern, its setting up well fr 5% upmove and sustaining tht can make it touch 580. A potential trade fr going long.
REFEX trade ideas
Medium term opportunity in Refex Industries for V.good upsideHi,
NSE:REFEX has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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REFEX INDUSTRIES... BREAKOUTRefex 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.
Hidden Bullish Divergence ChapterRefex is a good case study for Hidden Bullish Divergence. Big Base, Higher Lows formation, Increasing average volume what is there not to like? Shaky Market Conditions.
REFEX Trade Set up1. Trend bullish
2. Price trading at support
3. SL wait for 2 weeks closing below the 507 levels
4. RR lucrative from 1:8 to 1:22+
REFEX CLEARLY REFLECTING ITS POTENTIAL!$REFEX.NSE Analysis:
1/ Previous Performance: Suggested at 105 (split adjusted), hit 170+ (880+ pre-split), achieving almost all targets with a 65% profit.
2/ Current Status: CMP 135, support at 120.
3/ Downside Risk: Below 120, targets:
- 110
- 100
- 90
4/ Upside Potential:
- 150
- 170
5/ Cup & Handle Breakout: Above 170 closing, targets:
- 199
- 220
- 250
- CB SL at 160
6/ Fresh View: Reevaluate above 250 closing.
REFEX_Long_Support&ResistanceMCAP=₹ 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.
Breakout soon stockCup and Handle Breakout Setup
RSI near 60 and rising
Trading above EMA50
In consolidation about 8 months
Disc: for study, not a recommendation
REFEX at base breakoutlooks good on chart.
formed a longer base.
ready to break-out from base.
bounce backed from 200DMA.
trading above all short term EMA.
Refex Traingle Breakout & Retest This share has given a Triangle Pattern Breakout in 1HR Timeframe after a long consolidation
CMP: 585
Target: 650,700,750+
SL: 510
Chart for Educational Purpose.
REFEXRefex Industries Limited(RIL) is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC’s). These are used primarily as refrigerants, foam blowing agents and aerosol propellants.
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 Industries - 25% of Upside!Refex Industries opened up with a gap few sessions back. It has created a wedge then, a gap and then a wedge and now a breakout, Can't be strong technically anymore.
The price has a potential to move to the upside of 25% straight.
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uptrend intactmonthly close above 335 will take the stock to 400+ in may month. Heavy volumes in a day this month confirming the breakout to be possible. lets wait and watch. high risk takers can buy without looking for closing.
REFEX - Symmetric Triangle pattern - 23% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
REFEX - Swing TradeBuy Zone - above 560
Up side - Upto 760
Weakness - Below 520
Pattern: VCP
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Price Up by 80% before consolidation
6 Week Long consolidation
REFEX IND POTENTIAL BREAKOUTKeep a close eye on this stock above 552 with good volume, stoploss day's low
"Refex Industries: A Promising Investment Opportunity on the HorRefex Industries, currently priced at 400, presents a compelling investment opportunity with a target price of 1000. This strategic move is based on the strong business foundation and future growth prospects of Refex Industries.
Refex Industries operates in the promising domain of renewable energy solutions, specializing in the production and distribution of industrial refrigerants and specialty gases. With an increasing global focus on sustainability and the urgent need to combat climate change, Refex Industries is well-positioned to capitalize on the growing demand for environmentally-friendly solutions.
The company's strong business strength lies in its robust market presence, extensive industry expertise, and a diversified product portfolio. Refex Industries boasts state-of-the-art manufacturing facilities and a dedicated research and development team, enabling them to innovate and adapt to evolving market trends effectively.
Moreover, Refex Industries has demonstrated consistent financial performance and revenue growth over the years, showcasing their ability to generate sustainable returns for investors. The company's commitment to quality, customer satisfaction, and operational excellence has helped solidify its position as a key player in the industry.
Looking ahead, Refex Industries is set to benefit from multiple factors that contribute to its growth potential. The global shift towards greener technologies and stricter environmental regulations will create a favorable market landscape for the company's renewable energy solutions. Additionally, Refex Industries' focus on expanding its geographic footprint and tapping into emerging markets further augments its growth prospects.
By investing in Refex Industries at the current price of 400, with a target price of 1000, investors can potentially capitalize on the company's upward trajectory and future business strength. As the demand for sustainable solutions continues to rise, Refex Industries is poised to deliver substantial value and returns for investors who recognize its long-term growth potential.
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 INDUSTRIES - DAY CHART - 02.02.2023 - BAHAVAN CAPITALREFEX INDUSTRIES as per day chart analysis
Stock ABOVE 283 TARGET 289
Happy Profitable Trading to All...
