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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 2024-06-05 View latest technical analysis

10 day averaged volume of Refex Industries is 462642

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	133.00	130.60	137.00	124.25	0.99 times
04 Tue Jun 2024	130.55	137.00	137.00	130.50	0.99 times
03 Mon Jun 2024	137.35	141.80	141.80	136.05	1.138 times
31 Fri May 2024	135.05	136.00	136.05	132.85	0.471 times
30 Thu May 2024	134.60	137.30	138.35	134.05	0.62 times
29 Wed May 2024	137.45	134.15	139.70	134.15	0.754 times
28 Tue May 2024	137.20	142.85	145.00	135.70	1.23 times
27 Mon May 2024	142.85	137.00	147.00	137.00	1.441 times
24 Fri May 2024	143.00	149.50	155.00	142.90	1.894 times
23 Thu May 2024	150.40	154.20	157.00	148.15	0.649 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 136.5, but if it comes above 136.5, then a intra day buy could be more profitable.
If you take a sell trade below 136.5, then use 136.5 as stoploss and 127.2 as target. However if you take a buy trade in stock , then use 136.5 as stoploss and 144.17 as target.

Share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Target	124.25
Downside Target	130.00
Upside Target	139.15
Upside Target	147.00
Upside Target	156.40
Upside Target	159.80
Upside Target	163.70
Upside Target	172.80
Upside Target	175.50
Upside Target	550.05
Upside Target	695.90
Upside Target	702.80

Intraday share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Intraday Target	124.23
Downside Intraday Target	115.47
Upside Intraday Target	141.78
Upside Intraday Target	150.57
Upside Intraday Target	133.02

Weekly technical analysis of Refex Industries (REFEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	133.00	141.80	141.80	124.25	0.691 times
31 Fri May 2024	135.05	137.00	147.00	132.85	1.001 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

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
05 Wed Jun 2024	133.00	141.80	141.80	124.25	0.154 times
31 Fri May 2024	135.05	167.95	172.80	132.85	0.703 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 138.64 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.