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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)

10 day averaged volume of Karnika Industries is 18600

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	318.80	318.00	318.80	318.00	0.086 times
07 Tue May 2024	316.50	320.00	327.95	309.00	0.495 times
03 Fri May 2024	319.50	326.00	327.00	319.00	0.194 times
02 Thu May 2024	326.00	331.20	331.20	312.10	0.366 times
30 Tue Apr 2024	324.05	316.50	331.10	311.20	1.269 times
29 Mon Apr 2024	316.45	321.90	321.90	306.25	0.882 times
26 Fri Apr 2024	307.35	300.00	319.00	300.00	1.806 times
25 Thu Apr 2024	305.10	305.10	306.00	305.00	0.344 times
24 Wed Apr 2024	305.00	303.00	316.50	303.00	2.065 times
23 Tue Apr 2024	305.65	306.00	309.70	303.00	1.376 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 317.1, but if it comes below 317.1, then a intra day sell could be more profitable.
If you take a sell trade below 317.1, then use 317.1 as stoploss and 305.96 as target. However if you take a buy trade in stock , then use 317.1 as stoploss and 330.6 as target.

Share price targets for Karnika Industries (KARNIKA_SM)

Target Type	Value
Downside Target	119.75
Downside Target	129.35
Downside Target	161.00
Downside Target	219.55
Downside Target	245.95
Downside Target	281.00
Downside Target	288.50
Downside Target	300.00
Downside Target	309.00
Upside Target	319.00
Upside Target	327.95
Upside Target	331.10
Upside Target	331.20

Intraday share price targets for Karnika Industries (KARNIKA_SM)

Target Type	Value
Downside Intraday Target	309.22
Downside Intraday Target	299.63
Upside Intraday Target	328.17
Upside Intraday Target	337.53
Downside Intraday Target	318.58

Weekly technical analysis of Karnika Industries (KARNIKA_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	318.80	320.00	327.95	309.00	0.214 times
03 Fri May 2024	319.50	321.90	331.20	306.25	0.399 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

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 Karnika Industries (KARNIKA_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	318.80	331.20	331.20	309.00	0.03 times
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

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 Karnika Industries (KARNIKA_SM)

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) 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 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 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 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 losing momentum.

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

Karnika Industries 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. 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 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 but buying 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 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 311.4 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.