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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 2024-05-22 View latest technical analysis

10 day averaged volume of Kitex Garments is 186036

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	218.65	221.90	228.85	216.35	1.317 times
21 Tue May 2024	220.20	225.00	228.55	218.35	4.262 times
18 Sat May 2024	213.70	215.50	216.00	211.00	0.351 times
17 Fri May 2024	213.35	211.00	216.00	208.35	1.401 times
16 Thu May 2024	209.20	211.00	212.10	206.80	0.882 times
15 Wed May 2024	206.95	204.15	211.30	202.15	0.803 times
14 Tue May 2024	201.15	195.90	202.55	195.90	0.393 times
13 Mon May 2024	196.80	199.75	200.70	194.00	0.46 times
10 Fri May 2024	199.25	199.80	202.70	196.50	0.365 times
09 Thu May 2024	199.80	206.00	209.05	196.35	0.652 times

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 219.6, for a target of 212.2 or 206.12

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	178.35
Downside Target	184.80
Downside Target	194.00
Downside Target	201.55
Downside Target	207.90
Downside Target	217.05
Upside Target	228.85
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	213.72
Downside Intraday Target	208.78
Upside Intraday Target	226.22
Upside Intraday Target	233.78
Upside Intraday Target	221.28

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	218.65	225.00	228.85	216.35	1.301 times
18 Sat May 2024	213.70	199.75	216.00	194.00	1.681 times
10 Fri May 2024	199.25	206.30	209.05	196.35	0.847 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

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
22 Wed May 2024	218.65	204.40	228.85	194.00	0.781 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 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 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 Strong and stock is losing 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 tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 213.45 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.