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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 2024-01-29 View latest technical analysis

10 day averaged volume of Kitex Garments is 165728

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	222.95	221.95	224.90	220.80	0.514 times
25 Thu Jan 2024	220.35	222.70	224.95	219.30	0.488 times
24 Wed Jan 2024	222.70	220.00	224.80	217.05	0.681 times
23 Tue Jan 2024	218.35	226.45	228.95	217.05	1.098 times
22 Mon Jan 2024	224.20	229.60	229.60	223.65	0.575 times
19 Fri Jan 2024	226.80	233.95	233.95	225.10	1.292 times
18 Thu Jan 2024	225.65	222.00	228.00	218.00	1.207 times
17 Wed Jan 2024	221.80	224.00	225.25	220.10	1.118 times
16 Tue Jan 2024	224.55	230.00	231.00	221.60	1.68 times
15 Mon Jan 2024	229.25	233.05	235.20	227.90	1.226 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 222.6 as stoploss in an intra day buy trade for a target of 228.05. However, stock will show a bearish move below 222.6.

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	188.40
Downside Target	195.15
Downside Target	207.00
Downside Target	215.75
Upside Target	224.90
Upside Target	228.00
Upside Target	229.60
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	220.87
Downside Intraday Target	218.78
Upside Intraday Target	224.97
Upside Intraday Target	226.98
Downside Intraday Target	222.88

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	222.95	221.95	224.90	220.80	0.181 times
25 Thu Jan 2024	220.35	229.60	229.60	217.05	0.436 times
19 Fri Jan 2024	226.80	233.05	235.20	218.00	0.655 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

Price has moved up 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
29 Mon Jan 2024	222.95	224.50	245.75	217.05	0.642 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 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Kitex Garments in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Kitex Garments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 224.12 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 negative.

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