Retested breakout level. Stock has retested its breakout zone with low volume. Now it is ready to go up again. Expectation: 180, 200
#ShortTerm #Investment BUY REFEX CMP 147 SL 120 Target 215
🍂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...
Follow chart T1: 160 T2: 180
REFEX : Reversal possible For Educational purpose onyl
The stock looks good above 163 level for 7-8% further upmove
Refex has completed three contractions, all within the 25% range. It seems to have started to move up from its tight range. The volumes need to be encouraging and higher to be able to decisively cross above 142.40. Entry levels, risk, and targets shown for my journaling purpose.
Cup & Handle break out in weekly TF, SL 120 Tgt 210/290 & More Abv chart is for Study Purpose only.
Refex has been consolidating and price action/volumes not showing any weakness. It has retested the last breakout level which acts as a demand zone now. Buy ABOVE breakout level for a safe trade! 1:3 RR ratio is possible! Levels mentioned on chart.
refex industries, in the accumulation zone , for a trgt of 148 from 97..= 50%, any fall needs to be bought...trgt still would be 148
Looks retest on daily tf trendline Entered on retest at 125rs Sl 94 (25%) Target 230 (85%)
Also looking at their business profile its an interesting business and will play important role in coming years. Talking Technically its has given a successful breakout after so many attempts. Sharing My view
NSE:REFEX is long term bullish and its proving the same. It might correct/consolidate to fill the gap up that was created earlier.
Refex forming a cup-and-handle formation in weekly chart and hit upper circuit today. As per technical chart, immediate target would be the length of handle(170) and the long target would be the depth of cup (220). Increasing volume supports the breakout as well.
Refex weekly cup and handle pattern. Very good fundamental stock for long term. (12-18 months view)