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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 2024-05-09 View latest technical analysis

10 day averaged volume of Kitex Garments is 124748

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	199.80	206.00	209.05	196.35	0.972 times
08 Wed May 2024	206.25	201.45	207.90	199.70	0.646 times
07 Tue May 2024	201.10	201.90	205.55	199.00	0.895 times
06 Mon May 2024	201.90	206.30	206.55	201.30	0.748 times
03 Fri May 2024	205.45	209.00	209.75	203.30	0.898 times
02 Thu May 2024	208.25	204.40	214.00	203.50	2.031 times
30 Tue Apr 2024	203.50	201.55	207.20	201.55	0.769 times
29 Mon Apr 2024	204.35	205.75	206.10	203.15	0.793 times
26 Fri Apr 2024	204.70	202.85	206.75	200.70	1.005 times
25 Thu Apr 2024	202.70	205.60	205.60	201.60	0.681 times

My analysis of stock is bearish for shortterm, and stock might move down till 197.2 or till 192.2. Use a stoploss of 201.36 and if the stock hits stoploss, then it can shoot up till 205.52

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	178.35
Downside Target	184.80
Downside Target	190.05
Downside Target	195.25
Upside Target	207.90
Upside Target	214.00
Upside Target	217.05
Upside Target	234.15
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	194.42
Downside Intraday Target	189.03
Upside Intraday Target	207.12
Upside Intraday Target	214.43
Upside Intraday Target	201.73

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	199.80	206.30	209.05	196.35	0.726 times
03 Fri May 2024	205.45	205.75	214.00	201.55	0.905 times
26 Fri Apr 2024	204.70	195.75	207.90	195.25	1.072 times
19 Fri Apr 2024	193.60	197.00	200.90	190.05	1.104 times
12 Fri Apr 2024	202.30	209.00	211.00	200.05	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
09 Thu May 2024	199.80	204.40	214.00	196.35	0.225 times
30 Tue Apr 2024	203.50	185.00	211.00	184.80	0.622 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

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 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 BUY. 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.

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 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 SELL signal for Kitex Garments in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 204.3 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.