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"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 - 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 "Right Angled Descending Wedge" BO ✅ Refex "Right Angled Descending Wedge"
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle
Currently, Refex is in the range of Rs 144. If the pattern continues, the price of Refex might reach the resistance level of Rs 210 If the trend reverses, then the price of Refex may fall to Rs 125.
Price of Refex had four times retested the resistance level So,We can expect the price to break through the resistance level the next time.
Trading Level ✅
Entry Point - 145 ( Breakout region)
Stop Loss - 125 (Previous Swing Low)
Target - 210 (Derived from pattern range)
Happy Trading
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.
Guess the company? Fundamental Analysis [Sector : Gas & Fuel]Small cap company with good sales and profit growth on yearly basis :
Fundamental key points : The fundamental analysis involved different aspect of company from top line to bottom line items, cash flow, financial ratio, order books, etc.
This analysis based on simple ratio and past growth figure for better understanding.
- Price/Book Value : 2.25 = It means share is trading at 2.25 times from book value, BV = Rs.72 v/s CMP = Rs 160 : Lower the better
- P/E : 7.72 = It means how much price you are paying to company for its earnings per share (P = Rs.160 , No of Share = 2.10 crores, Earning = Rs ? - Plz calculate)
Lower the better, as per industry norm less than 15 is considered as favourable/undervalue but also depend on industry to industry.
- 3 Years Net Sales CAGR : +100 % = in simple term sales compounding : Higher the better
- 3 Year Profit CAGR : +100 % = in simple term profit compounding : Higher the better
- 1 Year ROE : 50% = in simple term Return of investment : Higher the better
- additional to this please also refer current ratio (more than 2 is consider favourable) , debt/equity (less than 1 is consider favourable), ROCE% (Higher the better).
Technical key points : - price at resistance level , RSI positive , volume build-up
Disclaimer : Analysis for learning purpose only not any kind of recommendation !!
Refex Ind - 2yr C&H
BUY GUIDANCE:
Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.