Is Refex Industries technically bullish or bearish?
As of June 20, 2025, Refex Industries shows a mildly bullish trend supported by the weekly MACD, KST, and Bollinger Bands, despite some short-term weakness indicated by daily moving averages.
As of 20 June 2025, the technical trend for Refex Industries has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive trend, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands show a mildly bullish stance on the weekly chart and a bullish stance on the monthly chart, reinforcing the upward momentum. The KST is bullish on both weekly and monthly time frames, and the Dow Theory also indicates a mildly bullish outlook. However, the daily moving averages are mildly bearish, suggesting short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD, KST, and Bollinger Bands.
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