Stock Information Portal

Price and trend forecast of REFEX for Tomorrow, Weekly, Monthly

Refex Industries Limited

Symbol: NSE:REFEX

ISIN: INE056I01017

155.75

As on 2024-04-19

129.16 (52W Low) 924.00 (52W High)

REFEX's Today's Performance

Refex Industries Limited started the day by opening at 149.95 today 2024-04-19. Its shares reached a high of 155.75 and dipped to a low of 144.55 in intraday. When the markets closed, REFEX’s stock price settled at ₹155.75 per share. Also check out its key support and resistance levels.

REFEX Buy/Sell Targets

Tomorrow, buy REFEX when its price reaches ₹ 155.75 with a stop-loss order at ₹ 152.29. You can set the target price as ₹ 159.21 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of REFEX for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for REFEX

Downside Targets Value in ₹
Tomorrow Down Target 1 159
Tomorrow Down Target 2 163
Tomorrow Down Target 3 171

Important Levels for REFEX

Holding Levels Value in ₹
Tomorrow Up Target 1 148
Tomorrow Up Target 2 141
Tomorrow Up Target 3 137
Based on where the stock opens tomorrow, if REFEX opens on a positive note, our first target will be ₹159. If Target 1 is achieved, we will aim for Target 2 which is ₹163.

But if REFEX falls below the average value of ₹152.02, you can enter a sell side position with target number 1 - ₹148 and second target - ₹141 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of REFEX

Looking at REFEX, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, REFEX has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for REFEX is moderate bullish.

Tomorrow's Volume based share price Forecast for REFEX

REFEX's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -39%.

Reversal detection for REFEX

Predicted trend chart of REFEX tomorrow for price forecast
REFEX may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹147 in morning tomorrow
Target 1 tomorrow156
Target 2 tomorrow159
Target 3 tomorrow163
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with REFEX's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if REFEX opens on a positive note, our first target will be ₹159.48. If Target 1 is achieved, we will aim for Target 2 which is ₹163.22.

But if REFEX falls below the average value of ₹152.02, you can enter a sell side position with target number 1 - ₹148.28 and second target - ₹140.82

REFEX's Weekly Targets
1st Up Target 163.63
2nd Up Target 171.52
1st Down Target 139.98
2nd Down Target 124.22

As the week for REFEX ended on bullish sentiments, we can expect further continuation of this sentiment. REFEX's initial target will be 163.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 139.98 in the upcoming week.

Weekly OHLC Values
Open 132.10
High 155.75
Low 132.10
Close 155.75

Week for REFEX started with an open price of 132.10, and the close was at 155.75. REFEX reached the highest of 155.75 and dipped lowest up to 132.10 last week. This indicates a bullish sentiment for the week.

REFEX full month swing targets
Monthly Up Target 1 187.28
Monthly Up Target 2 195.17
Monthly Down Target 1 116.33
Monthly Down Target 2 76.92

Targets of ₹187.28 can be expected to be reached in the coming month. Once REFEX achieved this target, we can aim for the next upside target of ₹195.17.

REFEX if fails to hold upside, down targets of ₹116.33 and ₹76.92 can be achieved by end of this month.

For complete three weeks if REFEX is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as REFEX

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

REFEX is expected to reach the target of 159.48 in tomorrow's trading session.

After achieving the initial target in REFEX, we will aim for higher targets of 163.22 tomorrow.

However, if REFEX starts to trade below ₹152.02, then we will shift our focus to the sell side and aim for down targets of 148.28 and 140.82.