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Stock analysis Refex Industries Limited REFEX

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Moving Averages for Refex Industries Limited

  • 5Day Average: 161.27
  • 12Day Average: 153.63
  • 20Day Average: 147.08
  • 50Day Average: 150.79
  • 100Day Average: 348.05
  • 150Day Average: 433.49
  • 200Day Average: 482.83

REFEX Indicators & signals

Indicator MACD (12,26,9)

155.18, 156.37, -5.81
Indicator MACD is in negative zone

Indicator ADX (14)

12.92, 30.51, 23.53
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 41
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
21 Fri Jun 2024 160.04 157.50 to 164.00 -0.01% 0.51 times
20 Thu Jun 2024 160.05 158.40 to 169.38 -5.07% 0.84 times
19 Wed Jun 2024 168.60 166.69 to 180.00 2.1% 1.26 times
18 Tue Jun 2024 165.14 154.00 to 172.25 8.27% 3.29 times
14 Fri Jun 2024 152.53 150.06 to 155.25 0.88% 0.32 times
13 Thu Jun 2024 151.20 150.70 to 156.00 -0.44% 0.31 times
12 Wed Jun 2024 151.87 150.24 to 158.90 -1.29% 0.47 times
11 Tue Jun 2024 153.85 152.05 to 159.99 -1.26% 0.49 times
10 Mon Jun 2024 155.81 153.80 to 163.00 2.64% 1.49 times
07 Fri Jun 2024 151.80 143.00 to 157.65 8.7% 1.3 times
06 Thu Jun 2024 139.65 135.10 to 139.65 5% 0.22 times
05 Wed Jun 2024 133.00 124.25 to 137.00 1.88% 0.33 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 164.8 as stoploss in an intra day sell trade for a target of 153.62. However, stock will show a bullish move above 164.8.

More indepth analysis on MunafaSutra.com