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Stock analysis Refex Industries Limited REFEX

More indepth analysis on MunafaSutra.com

Moving Averages for Refex Industries Limited

  • 5Day Average: 518.58
  • 12Day Average: 529.31
  • 20Day Average: 478.9
  • 50Day Average: 366.87
  • 100Day Average: 314.61
  • 150Day Average: 294.37
  • 200Day Average: 259.17

REFEX Indicators & signals

Indicator MACD (12,26,9)

507.37, 458.3, 53.96
Indicator MACD is in positive zone

Indicator ADX (14)

21.23, 31.78, 20.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 65
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of REFEX Refex Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 511.25 508.00 to 529.95 -2.72% 0.31 times
07 Wed Jun 2023 525.55 522.00 to 537.95 0.65% 0.35 times
06 Tue Jun 2023 522.15 508.00 to 531.00 2.83% 0.53 times
05 Mon Jun 2023 507.80 502.00 to 538.55 -3.49% 0.41 times
02 Fri Jun 2023 526.15 523.50 to 540.95 -0.17% 0.32 times
01 Thu Jun 2023 527.05 522.05 to 553.05 -3.04% 0.43 times
31 Wed May 2023 543.55 540.00 to 563.95 -2.37% 0.64 times
30 Tue May 2023 556.75 534.60 to 568.70 2.02% 1.42 times
29 Mon May 2023 545.70 493.95 to 545.70 10% 1.57 times
26 Fri May 2023 496.10 474.00 to 526.90 -3.88% 2.07 times
25 Thu May 2023 516.15 516.15 to 594.00 -10% 2.26 times
24 Wed May 2023 573.50 538.20 to 581.65 7.07% 3.42 times

Technical analysis forecast of Refex Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Refex Industries Limited REFEX at this time. Stock is rising and might rise more.

It appears as if Refex Industries Limited REFEX gave a large move recently.

Stock of Refex Industries Limited (REFEX) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Refex Industries Limited is bullish for shortterm, and stock might move up till 554 or till 644.3. Use a stoploss of 478.77 and if this stock hits its stoploss, then it can fall down till 403.51

More indepth analysis on MunafaSutra.com