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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 2024-06-06 View latest technical analysis

10 day averaged volume of Kitex Garments is 153889

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	196.50	193.85	198.45	193.65	0.943 times
05 Wed Jun 2024	191.00	193.25	197.45	186.55	1.572 times
04 Tue Jun 2024	190.40	203.30	203.30	177.00	1.721 times
03 Mon Jun 2024	200.30	209.10	209.10	199.35	1.335 times
31 Fri May 2024	201.90	202.80	205.00	198.70	0.697 times
30 Thu May 2024	202.55	204.95	205.60	201.95	0.335 times
29 Wed May 2024	204.95	203.00	206.40	201.30	0.602 times
28 Tue May 2024	204.80	207.40	208.70	204.35	0.456 times
27 Mon May 2024	207.40	216.00	216.00	205.55	1.123 times
24 Fri May 2024	210.50	211.50	215.95	208.35	0.836 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 197, but if it comes above 197, then a intra day buy could be more profitable.
If you take a sell trade below 197, then use 197 as stoploss and 187.3 as target. However if you take a buy trade in stock , then use 197 as stoploss and 205.05 as target.

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	177.00
Downside Target	184.80
Downside 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	179.3
Downside Intraday Target	162.1
Upside Intraday Target	211.4
Upside Intraday Target	226.3
Downside Intraday Target	194.2

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	196.50	209.10	209.10	177.00	1.734 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Kitex Garments (KITEX)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	196.50	209.10	209.10	177.00	0.245 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 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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

MACD generated a SELL signal for Kitex Garments in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 199.05 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.