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(KITEX) Kitex Garments complete technical analysis [charts+indicators] | Buy/Sell Kitex Garments | (KITEX) share price targets

Complete technical analysis of Kitex Garments (KITEX) by charts plus indicators, forecast predictions and share price targets for Kitex Garments (KITEX)

Kitex Garments trades in NSE in Other Apparels & Accessories sector.

Showing technical analysis as on 2024-01-17 View latest technical analysis

10 day averaged volume of Kitex Garments is 286811

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	221.80	224.00	225.25	220.10	0.646 times
16 Tue Jan 2024	224.55	230.00	231.00	221.60	0.971 times
15 Mon Jan 2024	229.25	233.05	235.20	227.90	0.708 times
12 Fri Jan 2024	232.70	234.85	235.00	231.05	0.368 times
11 Thu Jan 2024	233.05	238.35	239.05	231.55	0.594 times
10 Wed Jan 2024	237.25	238.00	239.80	234.00	0.947 times
09 Tue Jan 2024	235.10	231.90	240.50	228.00	3.151 times
08 Mon Jan 2024	228.55	233.15	235.75	228.00	0.698 times
05 Fri Jan 2024	233.00	233.20	236.75	231.10	0.574 times
04 Thu Jan 2024	232.45	235.30	237.15	230.35	0.692 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 224.5, but if it comes above 224.5, then a intra day buy could be more profitable.
If you take a sell trade below 224.5, then use 224.5 as stoploss and 219 as target. However if you take a buy trade in stock , then use 224.5 as stoploss and 229.14 as target.

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	188.40
Downside Target	195.15
Downside Target	207.00
Downside Target	214.85
Upside Target	228.00
Upside Target	235.00
Upside Target	235.20
Upside Target	240.50
Upside Target	242.45
Upside Target	245.75

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	216.2
Downside Intraday Target	210.6
Upside Intraday Target	231.3
Upside Intraday Target	240.8
Upside Intraday Target	225.7

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	221.80	233.05	235.20	220.10	0.404 times
12 Fri Jan 2024	232.70	233.15	240.50	228.00	1.003 times
05 Fri Jan 2024	233.00	224.50	245.75	218.40	3.454 times
29 Fri Dec 2023	225.20	225.35	235.00	222.00	0.342 times
22 Fri Dec 2023	226.25	232.95	242.45	214.85	0.341 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 Kitex Garments (KITEX)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	221.80	224.50	245.75	218.40	0.516 times
29 Fri Dec 2023	225.20	208.55	242.45	207.00	2.658 times
30 Thu Nov 2023	208.55	203.00	215.75	195.15	0.631 times
31 Tue Oct 2023	201.30	209.30	223.20	188.40	0.997 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 Kitex Garments (KITEX)

Price action analysis of Kitex Garments ( (KITEX) ) 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 Kitex Garments ( (KITEX) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Kitex Garments ( (KITEX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Kitex Garments stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Kitex Garments in short term but the sell signal is initial and weak.

Kitex Garments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Kitex Garments in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Kitex Garments is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 231.82 and Kitex Garments (KITEX) 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 Kitex Garments (KITEX) stock. Volume based technical analysis of Kitex Garments (KITEX) stock is negative.

Kitex Garments Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.