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Stock analysis Refex Industries Limited REFEX

More indepth analysis on MunafaSutra.com

Moving Averages for Refex Industries Limited

  • 5Day Average: 239.68
  • 12Day Average: 235.13
  • 20Day Average: 224.1
  • 50Day Average: 179.74
  • 100Day Average: 240.74
  • 150Day Average: 374.06
  • 200Day Average: 426.75

REFEX Indicators & signals

Indicator MACD (12,26,9)

232.32, 214.31, 17.19
Indicator MACD is in positive zone

Indicator ADX (14)

43.58, 26.17, 10.28
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
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
26 Fri Jul 2024 249.34 240.00 to 260.00 1.43% 1.21 times
25 Thu Jul 2024 245.82 240.10 to 249.95 -2.44% 0.7 times
24 Wed Jul 2024 251.97 226.05 to 255.00 11.67% 2.45 times
23 Tue Jul 2024 225.64 206.84 to 240.00 0% 1.15 times
23 Tue Jul 2024 225.64 206.84 to 240.00 -1.82% 1.15 times
22 Mon Jul 2024 229.83 222.00 to 232.20 0.23% 0.38 times
19 Fri Jul 2024 229.30 222.00 to 234.89 -0.49% 0.83 times
18 Thu Jul 2024 230.42 224.49 to 238.00 1.2% 0.88 times
16 Tue Jul 2024 227.68 222.00 to 237.00 0.15% 0.78 times
15 Mon Jul 2024 227.35 221.99 to 239.60 -3.51% 0.65 times
12 Fri Jul 2024 235.61 230.00 to 246.85 -3.02% 1.03 times
11 Thu Jul 2024 242.95 215.00 to 245.95 13.29% 4.43 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, but trade for tomorrow is selective. Take a BUY trade only if Refex Industries Limited stays above 237.4, but if it comes below 237.4, then a intra day sell could be more profitable.
If you take a sell trade below 237.4, then use 237.4 as stoploss and 221.16 as target. However if you take a buy trade in Refex Industries Limited, then use 237.4 as stoploss and 256.8 as target.

More indepth analysis on MunafaSutra.com