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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 2024-06-04 View latest technical analysis

10 day averaged volume of Kitex Garments is 207004

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	190.40	203.30	203.30	177.00	1.279 times
03 Mon Jun 2024	200.30	209.10	209.10	199.35	0.992 times
31 Fri May 2024	201.90	202.80	205.00	198.70	0.518 times
30 Thu May 2024	202.55	204.95	205.60	201.95	0.249 times
29 Wed May 2024	204.95	203.00	206.40	201.30	0.447 times
28 Tue May 2024	204.80	207.40	208.70	204.35	0.339 times
27 Mon May 2024	207.40	216.00	216.00	205.55	0.835 times
24 Fri May 2024	210.50	211.50	215.95	208.35	0.622 times
23 Thu May 2024	211.50	218.65	218.65	211.00	0.984 times
22 Wed May 2024	218.65	221.90	228.85	216.35	1.184 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 190.1, for a target of 198.8 or 205.98

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	177.00
Downside Target	184.80
Upside Target	194.00
Upside Target	208.35
Upside Target	211.00
Upside Target	216.00
Upside Target	228.85
Upside Target	234.15
Upside Target	251.00
Upside Target	287.60

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	175.23
Downside Intraday Target	160.07
Upside Intraday Target	207.33
Upside Intraday Target	224.27
Upside Intraday Target	192.17

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	190.40	209.10	209.10	177.00	0.951 times
31 Fri May 2024	201.90	216.00	216.00	198.70	0.361 times
24 Fri May 2024	210.50	225.00	228.85	208.35	1.717 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

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
04 Tue Jun 2024	190.40	209.10	209.10	177.00	0.134 times
31 Fri May 2024	201.90	204.40	228.85	194.00	1.023 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

Price action analysis of Kitex Garments ( (KITEX) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

Kitex Garments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 negative zone. This is the SELL zone

Stock of Kitex Garments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 205.31 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 negative.

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