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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 2024-04-18 View latest technical analysis

10 day averaged volume of Kitex Garments is 213230

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	195.05	195.50	200.90	194.60	0.519 times
16 Tue Apr 2024	195.45	194.50	198.00	191.65	0.608 times
15 Mon Apr 2024	194.85	197.00	198.10	191.20	1.005 times
12 Fri Apr 2024	202.30	200.50	205.00	200.05	0.693 times
10 Wed Apr 2024	203.55	204.50	205.90	201.30	0.607 times
09 Tue Apr 2024	203.45	206.45	208.55	201.55	0.584 times
08 Mon Apr 2024	206.45	209.00	211.00	206.00	0.57 times
05 Fri Apr 2024	207.50	206.45	209.00	204.40	0.621 times
04 Thu Apr 2024	206.85	205.05	209.25	203.85	1.708 times
03 Wed Apr 2024	203.00	194.00	205.80	194.00	2.583 times

My analysis of stock is bearish for shortterm, and stock might move down till 186.9 or till 177.1. Use a stoploss of 195.09 and if the stock hits stoploss, then it can shoot up till 203.28

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	178.35
Downside Target	191.20
Upside Target	207.00
Upside Target	211.00
Upside Target	217.05
Upside Target	234.15
Upside Target	242.45
Upside Target	246.10
Upside Target	251.00
Upside Target	287.60

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	190.53
Downside Intraday Target	186.02
Upside Intraday Target	200.23
Upside Intraday Target	205.42
Upside Intraday Target	195.72

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	195.05	197.00	200.90	191.20	0.869 times
12 Fri Apr 2024	202.30	209.00	211.00	200.05	0.346 times
05 Fri Apr 2024	207.50	185.00	209.25	184.80	1.08 times
28 Thu Mar 2024	181.95	192.60	194.50	180.50	1.631 times
22 Fri Mar 2024	192.65	195.50	196.30	184.00	0.346 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
18 Thu Apr 2024	195.05	185.00	211.00	184.80	0.452 times
28 Thu Mar 2024	181.95	242.35	251.00	178.35	0.355 times
29 Thu Feb 2024	238.75	237.80	287.60	234.15	2.201 times
31 Wed Jan 2024	232.25	224.50	246.10	217.05	0.917 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term but selling is losing 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 202.43 and Kitex Garments (KITEX) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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