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(REFEX) Refex Industries complete technical analysis [charts+indicators] | Buy/Sell Refex Industries | (REFEX) share price targets

Complete technical analysis of Refex Industries (REFEX) by charts plus indicators, forecast predictions and share price targets for Refex Industries (REFEX)

Refex Industries trades in NSE in Industrial Gases sector.

Showing technical analysis as on 2023-05-31 View latest technical analysis

10 day averaged volume of Refex Industries is 1078968

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed May 2023	543.55	558.00	563.95	540.00	0.272 times
30 Tue May 2023	556.75	551.60	568.70	534.60	0.602 times
29 Mon May 2023	545.70	518.45	545.70	493.95	0.665 times
26 Fri May 2023	496.10	498.70	526.90	474.00	0.879 times
25 Thu May 2023	516.15	578.00	594.00	516.15	0.96 times
24 Wed May 2023	573.50	540.00	581.65	538.20	1.451 times
23 Tue May 2023	535.65	475.00	547.15	466.45	2.143 times
22 Mon May 2023	465.95	477.95	502.80	453.55	2.209 times
19 Fri May 2023	426.65	426.65	426.65	415.05	0.662 times
18 Thu May 2023	355.55	352.80	367.20	352.20	0.156 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 514.7, but if it comes below 514.7, then a intra day sell could be more profitable.
If you take a sell trade below 514.7, then use 514.7 as stoploss and 419.83 as target. However if you take a buy trade in stock , then use 514.7 as stoploss and 628.5 as target.

Share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Target	219.95
Downside Target	238.55
Downside Target	243.55
Downside Target	250.00
Downside Target	267.50
Downside Target	282.80
Downside Target	306.00
Downside Target	330.90
Downside Target	348.40
Downside Target	369.45
Downside Target	426.65
Downside Target	453.55
Downside Target	493.95
Upside Target	568.70
Upside Target	594.00

Intraday share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Intraday Target	502.1
Downside Intraday Target	460.65
Upside Intraday Target	576.85
Upside Intraday Target	610.15
Downside Intraday Target	535.4

Weekly technical analysis of Refex Industries (REFEX)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed May 2023	543.55	518.45	568.70	493.95	0.201 times
26 Fri May 2023	496.10	477.95	594.00	453.55	4.877 times
19 Fri May 2023	426.65	364.25	426.65	334.00	0.897 times
12 Fri May 2023	364.20	309.90	369.45	307.00	4.059 times
05 Fri May 2023	306.85	326.60	330.90	306.00	0.157 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Refex Industries (REFEX)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed May 2023	543.55	326.60	594.00	306.00	2.377 times
28 Fri Apr 2023	323.90	247.00	348.40	238.55	3.807 times
31 Fri Mar 2023	237.70	265.00	267.50	219.95	0.534 times
28 Tue Feb 2023	259.05	268.40	306.55	250.00	1.797 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Refex Industries (REFEX)

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Refex Industries stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Refex Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Refex Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Refex Industries in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Refex Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 512.52 and Refex Industries (REFEX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Refex Industries (REFEX) stock. Volume based technical analysis of Refex Industries (REFEX) stock is negative.

Refex Industries Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.