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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 2024-05-28 View latest technical analysis

10 day averaged volume of Refex Industries is 390797

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	137.20	142.85	145.00	135.70	1.456 times
27 Mon May 2024	142.85	137.00	147.00	137.00	1.706 times
24 Fri May 2024	143.00	149.50	155.00	142.90	2.242 times
23 Thu May 2024	150.40	154.20	157.00	148.15	0.768 times
22 Wed May 2024	153.40	159.00	159.80	152.00	0.964 times
21 Tue May 2024	158.05	152.00	158.40	151.30	1.367 times
18 Sat May 2024	150.90	151.55	152.90	150.00	0.153 times
17 Fri May 2024	149.95	152.00	152.00	148.85	0.536 times
16 Thu May 2024	149.10	155.85	155.85	147.30	0.609 times
15 Wed May 2024	152.75	156.40	156.40	149.15	0.975 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 136.1, for a target of 144.4 or 151.34

Share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Target	130.00
Downside Target	135.70
Upside Target	139.15
Upside Target	147.00
Upside Target	156.40
Upside Target	163.70
Upside Target	172.80
Upside Target	175.50
Upside Target	550.05
Upside Target	602.00
Upside Target	695.90
Upside Target	702.80
Upside Target	753.95

Intraday share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Intraday Target	132.93
Downside Intraday Target	128.67
Upside Intraday Target	144.23
Upside Intraday Target	151.27
Upside Intraday Target	139.97

Weekly technical analysis of Refex Industries (REFEX)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	137.20	137.00	147.00	135.70	0.592 times
24 Fri May 2024	143.00	152.00	159.80	142.90	1.382 times
18 Sat May 2024	150.90	147.50	156.40	139.15	0.563 times
10 Fri May 2024	145.00	162.30	163.70	141.20	0.971 times
03 Fri May 2024	160.90	174.95	174.95	158.55	0.678 times

Price has moved down 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
28 Tue May 2024	137.20	167.95	172.80	135.70	0.639 times
30 Tue Apr 2024	165.85	137.85	175.50	132.10	3.778 times
28 Thu Mar 2024	134.20	653.00	695.90	130.00	2.248 times
29 Thu Feb 2024	647.10	695.05	702.80	550.05	0.665 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Refex Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 147.25 and Refex Industries (REFEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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