Refex Industries Ltd

Stage 3 · Topping · week 6

Refex Industries Limited engages in handling and disposal of fly ash in India. More about the company

₹266.4
+0.45% today
₹3,655 Cr · Small cap
Market Neutral — FadingMaterials 35.2% in Stage 2-0.7 pts / 20dCommodity Chemicals 50.8%-0.8 pts
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vs 52W High
-28.8%
₹189.1 lo₹374.2 hi
28.8% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 6
1w13w26w
Week 6 — distribution, avoid new longs
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-1.4%
200 DMA: ₹270.2 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.37x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -1.7% vs MA50 -7.6%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-5.7%
3M
-20.4%
6M
+25.1%
YTD
-1.9%
1Y
-25.9%
Sector
Materials
→ Flat
Stage 2%
35.2%
20d Δ
-0.7pp
1M return
-5.4%
3M return
-0.3%
Sector Stage-2 % · last 20 days
Sector has 159 Stage 2 leaders. See Materials Stage 2 →
Industry
Commodity Chemicals
→ Flat
Stage 2%
50.8%
20d Δ
-0.8pp
1M return
-3.2%
3M return
+7.7%
Industry Stage-2 % · last 20 days
Industry has 33 Stage 2 leaders. See Commodity Chemicals Stage 2 →
Stage Cycle Timeline2023-07-12 → 2026-10-07
S3 14w
S2 50w
S4 37w
2023-07-122026-10-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 13w → S3 14w → S2 50w → S3 13w → S4 5w → S1 11w → S2 1w → S1 1w → S4 37w → S1 8w → S2 8w → S3 6w current
Total tracked: 168 weeks across 12 stage runs.
Scan Membership
Prop Scan
Latest: 2026-07-28
Breakout Watch
Latest: 2026-06-29
18 appearances in last 60 days. First seen: 2024-01-17.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-07S3
Wk 6 · Vol 0.37x
2026-10-06S3
Wk 6 · Vol 0.58x
2026-10-05S3
Wk 6 · Vol 0.86x
2026-10-01S3
Wk 6 · Vol 0.65x
2026-09-30S3
Wk 5 · Vol 0.59x
2026-09-29S3
Wk 5 · Vol 0.29x
2026-09-28S3
Wk 5 · Vol 0.36x
2026-09-25S3
Wk 5 · Vol 0.42x
2026-09-24S3
Wk 5 · Vol 0.34x
2026-09-23S3
Wk 4 · Vol 0.40x
2026-09-22S3
Wk 4 · Vol 0.92x
2026-09-21S3
Wk 4 · Vol 15.68x
Sector Peers — Stage 2All →
VENUSPIPES
wk 19 · -1.9% from hi
9.8
MUKANDLTD
wk 19 · 0.0% from hi
9.3
VALIANTORG
wk 7 · -3.4% from hi
8.8
SUNFLAG
wk 2 · 0.0% from hi
8.7
ARROWGREEN
wk 18 · -2.2% from hi
8.4
Moving averages & range
50 DMA
₹286.6
200 DMA
₹270.2
52W High
₹374.2
52W Low
₹189.1
5D Low
₹265.2
Resistance levels (recent highs)
20d High
₹294.3
60d High
₹335.8
120d High
₹364.5
250d High
₹374.2
Next resistance
+10.5%
to 20d High
Ask the Market AI about REFEXAsk →
P/E (TTM)
25.4
Forward —
Earnings Growth (YoY)
+1.0%
Revenue -19.7%
Dividend Yield
0.18%
P/B 3.5
About this companyMaterials· Commodity Chemicals

Refex Industries Limited engages in handling and disposal of fly ash in India. It provides refills hydrofluorocarbons, which is used in air conditioners, refrigerators, and refrigeration systems. The company engages in solar power generation and related activities; coal trading; and providing coal yard management services and power trading solutions. It also owns and operates electric vehicles. The company was formerly known as Refex Refrigerants Limited and changed its name to Refex Industries Limited in November 2013. The company was incorporated in 2002 and is based in Chennai, India.

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All analytics based on EOD data. Data as of 2026-10-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.