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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 2024-01-30 View latest technical analysis

10 day averaged volume of Kitex Garments is 163699

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	223.85	223.30	227.60	217.80	1.043 times
29 Mon Jan 2024	222.95	221.95	224.90	220.80	0.52 times
25 Thu Jan 2024	220.35	222.70	224.95	219.30	0.494 times
24 Wed Jan 2024	222.70	220.00	224.80	217.05	0.689 times
23 Tue Jan 2024	218.35	226.45	228.95	217.05	1.111 times
22 Mon Jan 2024	224.20	229.60	229.60	223.65	0.582 times
19 Fri Jan 2024	226.80	233.95	233.95	225.10	1.308 times
18 Thu Jan 2024	225.65	222.00	228.00	218.00	1.222 times
17 Wed Jan 2024	221.80	224.00	225.25	220.10	1.131 times
16 Tue Jan 2024	224.55	230.00	231.00	221.60	1.701 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 222.5 as stoploss in an intra day buy trade for a target of 228.02. However, stock will show a bearish move below 222.5.

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
Downside Target	223.20
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	218.57
Downside Intraday Target	213.28
Upside Intraday Target	228.37
Upside Intraday Target	232.88
Downside Intraday Target	223.08

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	223.85	221.95	227.60	217.80	0.543 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
30 Tue Jan 2024	223.85	224.50	245.75	217.05	0.664 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

Although the stock is in the SELL zone, but selling 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 223.44 and Kitex Garments (KITEX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.