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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 2024-02-05 View latest technical analysis

10 day averaged volume of Kitex Garments is 1003630

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	270.20	277.85	287.60	265.55	2.036 times
02 Fri Feb 2024	274.60	238.00	280.00	237.00	6.461 times
01 Thu Feb 2024	235.15	237.80	239.90	234.15	0.67 times
31 Wed Jan 2024	232.25	228.00	246.10	225.05	1.932 times
30 Tue Jan 2024	223.85	223.30	227.60	217.80	0.17 times
29 Mon Jan 2024	222.95	221.95	224.90	220.80	0.085 times
25 Thu Jan 2024	220.35	222.70	224.95	219.30	0.081 times
24 Wed Jan 2024	222.70	220.00	224.80	217.05	0.112 times
23 Tue Jan 2024	218.35	226.45	228.95	217.05	0.181 times
22 Mon Jan 2024	224.20	229.60	229.60	223.65	0.095 times

Stock of Kitex Garments (KITEX) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 263.8, for a target of 246.4 or 231.97

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
Downside Target	228.00
Downside Target	240.50
Downside Target	242.45
Downside Target	246.10
Downside Target	265.55
Upside Target	280.00
Upside Target	287.60

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	261.3
Downside Intraday Target	252.4
Upside Intraday Target	283.35
Upside Intraday Target	296.5
Upside Intraday Target	274.45

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	270.20	277.85	287.60	265.55	0.218 times
02 Fri Feb 2024	274.60	221.95	280.00	217.80	19.858 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

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
05 Mon Feb 2024	270.20	237.80	287.60	234.15	1.306 times
31 Wed Jan 2024	232.25	224.50	246.10	217.05	0.917 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Kitex Garments ( (KITEX) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Kitex Garments in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Kitex Garments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Kitex Garments in short term and BUY signal is strong.

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 261.46 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 rising upwards.

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 is giving positive 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.