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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 2024-08-05 View latest technical analysis

10 day averaged volume of Kitex Garments is 247964

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	210.80	218.85	220.67	209.42	1.535 times
02 Fri Aug 2024	227.63	224.00	229.82	220.00	0.508 times
01 Thu Aug 2024	227.82	235.40	235.84	225.59	0.955 times
31 Wed Jul 2024	234.18	233.45	236.99	231.70	0.876 times
30 Tue Jul 2024	231.75	232.90	237.01	231.05	0.788 times
29 Mon Jul 2024	231.21	232.90	236.30	229.00	1.32 times
26 Fri Jul 2024	231.25	226.45	236.34	225.50	1.944 times
25 Thu Jul 2024	225.01	223.46	226.01	220.78	0.767 times
24 Wed Jul 2024	223.46	217.19	228.43	217.19	1.135 times
23 Tue Jul 2024	217.19	218.88	223.50	212.10	0.88 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 215.8, but if it comes above 215.8, then a intra day buy could be more profitable.
If you take a sell trade below 215.8, then use 215.8 as stoploss and 207.4 as target. However if you take a buy trade in stock , then use 215.8 as stoploss and 222.86 as target.

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	177.00
Downside Target	184.80
Downside Target	194.00
Downside Target	208.00
Upside Target	216.50
Upside Target	222.00
Upside Target	228.85
Upside Target	235.84
Upside Target	236.34
Upside Target	237.01
Upside Target	239.25

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	206.59
Downside Intraday Target	202.38
Upside Intraday Target	217.84
Upside Intraday Target	224.88
Upside Intraday Target	213.63

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	210.80	218.85	220.67	209.42	0.345 times
02 Fri Aug 2024	227.63	232.90	237.01	220.00	0.801 times
26 Fri Jul 2024	231.25	216.00	236.34	212.10	0.46 times
19 Fri Jul 2024	217.54	220.85	239.25	216.50	3.485 times
12 Fri Jul 2024	215.95	222.00	222.00	210.15	0.646 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
05 Mon Aug 2024	210.80	235.40	235.84	209.42	0.102 times
31 Wed Jul 2024	234.18	210.80	239.25	208.00	2.024 times
28 Fri Jun 2024	209.34	209.10	219.40	177.00	1.03 times
31 Fri May 2024	201.90	204.40	228.85	194.00	1.023 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Kitex Garments ( (KITEX) ) based on a short to mid 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 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 but the sell 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 225.68 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.