Refex Industries Limited (REFEX) Stock Price Target Analysis for Tomorrow
Refex Industries Limited
Symbol: NSE: REFEX
Sector: Loading... / Loading...
₹124.25 52W High
₹924
Last Close: ₹384.85
Last Update: 2025-09-25
REFEX Today's Performance
REFEX opened today at ₹400.45 and marked a high of ₹400.45. The low price was ₹382.1 and the stock finally closed at ₹384.85. This data is crucial to forecast REFEX's targets for tomorrow's day trading session. Learn more
Today, shares of Refex Industries Limited closed below previous closing, which is evident from the formation of Lower Low. In the coming days, the stock may continue to fall, suggesting a bearish forecast.
Strength Matrix graph shows how REFEX might perform tomorrow by highlighting its price strength, momentum, volatility, and trend direction. Tracking these short-term trends daily can help better understand changes in the market.
Strength Matrix
Technical overview of how the stock may perform in the upcoming session.
Technical Strength and Weaknesses
Understanding strengths and weaknesses in technical indicators is important as these points will help to decide whether or not to trade REFEX tomorrow.
Strengths
- RSI shows moderate strength, indicative of likely continued upward momentum.
- Mildly bullish signals for tomorrow.
- ADX points to a solid bullish trend emerging.
- SAR shows a moderate bullish trend, with stable recent price actions above SAR points.
- SAR signals a potential bullish reversal, possible upward movement.
Potential Weaknesses
- The price is significantly below the SMA, highlighting strong bearish momentum with high market volatility and a consistent downward trend.
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Daily prediction for the week
| Day | Target Value |
|---|---|
| Monday | ₹396.17 |
| Tuesday | ₹400.47 |
| Wednesday | ₹407.48 |
| Thursday | ₹414.49 |
| Friday | ₹418.82 |
Possible short term targets for REFEX in coming days if the stock remains bullish through the week.
- • The initial target value for REFEX on Monday is projected to be ₹396.17.
- • With favorable market conditions, the target value on Wednesday could reach ₹407.48.
- • By the end of the week, the target value for REFEX on Friday is expected to potentially reach ₹418.82, considering bullish market trends.
Tomorrow's price forecast review for REFEX
Opening above mean value ₹389.13, will indicate bullish sentiment in Refex Industries Limited. Any dip in price should be considered as an opportunity to Buy the stock. The maximum price that REFEX can reach tomorrow will be 396.17 if the sentiments remains bullish. Reversal may happen if the price moves too far away from its mean.
If the price action is weak in the morning, then REFEX may break below its mean. In such a case, keep the first target at 377.82 as minimum, and ₹359.47 as maximum.
Mean value also acts as Support when price is above and Resistance when price is below it. Day Traders can use this point to make long or short entries.
REFEX's Tomorrow's Forecast Based On Opening Price
1. Gap Up Opening
This section provides insights on how REFEX may perform if it opens with a gap up tomorrow. Typically, opening 0.50% above previous close is considered as a valid gap.
1.1 Opening Above Today's Close but Below Resistance (396.17)
Trade: Enter a SELL position when the stock reaches ₹396.17.
Target: Keep target price at ₹389.13.
Rationale: This strategy aims to capture the early morning pullback move towards the mean value.
When to Avoid:
- • Keep Stop Loss above 396.17 (5 min candle closing basis).
- • Avoid when risk to reward is not favorable.
1.2 Opening Above Resistance (396.17)
Trade: Initiate a BUY position when the first candle (5 min) closes above 396.17
Target: Aim for the first target of 407.48 later, trail up to 414.52.
Rationale: REFEX opening above Resistance (396.17) suggests a strong bullish sentiment. This way, traders can gain the advantage of a possible upmove.
When to Avoid:
- • Remember to keep SL below 396.17.
- • Do not trade this strategy if the stock is in a downtrend in the last 3 days.
2. Gap Down Opening
Opening below 0.3% of previous day close is considered as a gap down opening. Section below explains how REFEX may perform considering price action after gap down opening.
2.1 Opening Below Today's Close but Above Low Price
Trade: Place a BUY order at ₹377.82.
Target: Place an exit order at ₹389.13 making it an intraday target.
Rationale: If REFEX does not make a low below its previous low, the trend may still be higher highs on the daily timeframe. This presents us with a Buy opportunity once the price retraces downside near its support.
When to Avoid:
- • Place SL below support 377.82.
- • Do not trade this when close and low price are close to each other, or if the market is negative.
2.2 Breaking Below Today's Low
Trade: Enter a SELL position in REFEX when it finds resistance near 389.13.
Target: Aim for a minimum 1:1 risk-reward and keep a target of 377.82. Accuracy is better if this happens after 10:15 AM.
Rationale: Breaking below previous day low signifies bearish pressure. In case the stock retraces upside, it may present traders with a good opportunity to open a new sell position to gain benefit from the bearishness in stock.
When to Avoid:
- • Exit if the stock closes above 389.13.
- • Avoid selling when it's trading near a major support area.
Additional Note: If the trend is bullish on a higher timeframe, it is suggested to enter a long position instead when the share price reaches 377.82.
3. Flat Opening
REFEX opening near previous day close price will be considered as a flat open. Below is detailed explanation of how stock may perform based on price action.
3.1 General Trend Overview
Since today was a bearish day in REFEX, this trend might continue tomorrow as well. However, flat opening suggests neutral sentiments or continuation of previous day trend. So this section will consider both cases depending on how price action is in the early morning session.
3.2 Bearish Price Action
Action: If price action is weak and the stock is making lows, traders can consider creating a (Sell) entry once the mean value 389.13 is broken.
Target: Aim for a target up to the previous day's low of 382.1 and after achieving TP1, extend targets further up to 396.17.
Rationale: This strategy leverages the bearish trend continuation after an initial flat opening.
3.3 Bullish Price Action
Action: If REFEX starts the day on a bullish note, its targets will be 396.17 and 407.48.
Rationale: Using this intraday strategy, traders can capitalize on the bullish momentum.
When to Avoid:
- • Keep SL below 389.13 on a candle closing basis (exit when a 5-minute candle closes below pivot).
- • Avoid this trade if the previous day was in a downtrend.
REFEX's vs. Nifty's Performance
Above charts shows close price comparison of REFEX and Nifty 50 for past 7 days highlighting how stocks performance compared to the flagship index.
Overview of Returns
| Period | REFEX's Returns | Nifty's Returns |
|---|---|---|
| Daily | -3.90% | -0.66% |
| Weekly | 7.91% | -1.73% |
| Monthly | 3.94% | 0.72% |
Today, REFEX returned -3.90% while the Nifty returned -0.66%.
Previous week, the stock returned 7.91% compared to -1.73% return of flagship index Nifty.
In the Last one month, shares of REFEX presented return of 3.94%, where as Nifty stands at 0.72% returns.
REFEX's Volatility Analysis
Chart above shows volatility and price comparison of REFEX's over last 3 months. Volatility often referred to as IV is important in intraday trading since it gives insights on where stop loss and profit booking levels can be. For stock with higher volatility, its suggested to place a bigger stop loss since price movements can be aggressive.
Range Analysis
Based on the current close price of ₹384.85, the upcoming session is expected to be neutral/trend continuation.
Predicted share price range for tomorrow is: High ₹396.93 and Low ₹372.77.
Should you hold REFEX tomorrow?
Weekly Pivot Analysis
Last Close: ₹384.85
Weekly Pivot: ₹389.13
Status: The stock closed below the weekly pivot, indicating potential resistance and a negative outlook for tomorrow.
Why This Matters?
Pivot points are used to identify potential support and resistance levels. Stocks closing below the weekly pivot are considered to have a bearish sentiment, suggesting that the stock may decline, which is why a "Sell" recommendation is made.
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