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(KARNIKA_SM) Karnika Industries complete technical analysis [charts+indicators] | Buy/Sell Karnika Industries | (KARNIKA_SM) share price targets

Complete technical analysis of Karnika Industries (KARNIKA_SM) by charts plus indicators, forecast predictions and share price targets for Karnika Industries (KARNIKA_SM)

Showing technical analysis as on 2024-04-30 View latest technical analysis

10 day averaged volume of Karnika Industries is 26120

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	324.05	316.50	331.10	311.20	0.904 times
29 Mon Apr 2024	316.45	321.90	321.90	306.25	0.628 times
26 Fri Apr 2024	307.35	300.00	319.00	300.00	1.286 times
25 Thu Apr 2024	305.10	305.10	306.00	305.00	0.245 times
24 Wed Apr 2024	305.00	303.00	316.50	303.00	1.47 times
23 Tue Apr 2024	305.65	306.00	309.70	303.00	0.98 times
22 Mon Apr 2024	309.75	313.00	313.00	306.00	0.858 times
19 Fri Apr 2024	308.00	308.00	308.00	308.00	0.061 times
18 Thu Apr 2024	298.00	300.00	300.00	298.00	0.123 times
16 Tue Apr 2024	292.50	292.00	295.00	288.50	0.796 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 328.2, for a target of 315.7 or 305.23

Share price targets for Karnika Industries (KARNIKA_SM)

Target Type	Value
Downside Target	117.30
Downside Target	119.75
Downside Target	129.35
Downside Target	161.00
Downside Target	187.25
Downside Target	219.55
Downside Target	245.95
Downside Target	281.00
Downside Target	288.50
Downside Target	300.00
Downside Target	308.00
Downside Target	319.00
Upside Target	331.00
Upside Target	331.10

Intraday share price targets for Karnika Industries (KARNIKA_SM)

Target Type	Value
Downside Intraday Target	309.83
Downside Intraday Target	295.62
Upside Intraday Target	334.68
Upside Intraday Target	345.32
Downside Intraday Target	320.47

Weekly technical analysis of Karnika Industries (KARNIKA_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	324.05	321.90	331.10	306.25	0.316 times
26 Fri Apr 2024	307.35	313.00	319.00	300.00	1.068 times
19 Fri Apr 2024	308.00	298.00	308.00	288.50	0.607 times
12 Fri Apr 2024	304.25	287.10	304.25	281.00	0.841 times
05 Fri Apr 2024	295.05	301.70	331.00	293.15	4.143 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 Karnika Industries (KARNIKA_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	324.05	301.70	331.10	281.00	0.715 times
28 Thu Mar 2024	301.70	222.05	308.00	219.55	0.547 times
29 Thu Feb 2024	232.55	137.55	245.95	129.35	1.725 times
31 Wed Jan 2024	133.45	132.35	161.00	119.75	0.791 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 Karnika Industries (KARNIKA_SM)

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) 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 Karnika Industries ( (KARNIKA_SM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) based on a mid to longer 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.

ADX buy sell signal for Karnika Industries stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Karnika Industries in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Karnika Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Karnika Industries in short term and BUY signal is strong.

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 Karnika Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 307.93 and Karnika Industries (KARNIKA_SM) 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 Karnika Industries (KARNIKA_SM) stock. Volume based technical analysis of Karnika Industries (KARNIKA_SM) stock is negative.

Karnika Industries 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.