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Stock analysis Refex Industries Limited REFEX

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Moving Averages for Refex Industries Limited

  • 5Day Average: 423.29
  • 12Day Average: 380.77
  • 20Day Average: 350.14
  • 50Day Average: 292.53
  • 100Day Average: 225.88
  • 150Day Average: 291.02
  • 200Day Average: 376.79

REFEX Indicators & signals

Indicator MACD (12,26,9)

391.8, 347.97, 33.53
Indicator MACD is in positive zone

Indicator ADX (14)

80.74, 43.7, 4.66
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 68
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
13 Fri Sep 2024 470.60 430.00 to 470.60 9.99% 1.57 times
12 Thu Sep 2024 427.85 416.90 to 437.00 1.02% 0.46 times
11 Wed Sep 2024 423.55 400.00 to 432.00 5.95% 0.76 times
10 Tue Sep 2024 399.75 397.00 to 411.65 1.28% 0.24 times
09 Mon Sep 2024 394.70 390.00 to 413.60 -3.7% 0.48 times
06 Fri Sep 2024 409.85 395.00 to 419.25 3.3% 1.43 times
05 Thu Sep 2024 396.75 382.00 to 416.00 4.22% 2.1 times
04 Wed Sep 2024 380.70 324.55 to 395.10 15.63% 3.31 times
03 Tue Sep 2024 329.25 320.60 to 334.80 2.44% 0.56 times
02 Mon Sep 2024 321.40 310.35 to 324.00 3.66% 0.43 times
30 Fri Aug 2024 310.05 301.50 to 314.00 1.74% 0.23 times
29 Thu Aug 2024 304.75 302.50 to 314.25 0% 0.29 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!

Although my analysis for Refex Industries Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 483.3, for a target of 418.1 or 363.73

More indepth analysis on MunafaSutra.com