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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 2024-03-07 View latest technical analysis

10 day averaged volume of Kitex Garments is 250428

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	229.90	228.00	234.90	228.00	0.436 times
06 Wed Mar 2024	229.60	238.95	238.95	227.10	0.919 times
05 Tue Mar 2024	236.60	240.50	241.00	236.00	0.529 times
04 Mon Mar 2024	239.95	245.10	246.75	239.00	0.601 times
02 Sat Mar 2024	244.70	245.70	251.00	242.95	0.074 times
01 Fri Mar 2024	243.15	242.35	246.65	241.95	0.535 times
29 Thu Feb 2024	238.75	243.40	245.05	238.00	0.851 times
28 Wed Feb 2024	243.70	250.10	255.10	241.40	1.072 times
27 Tue Feb 2024	250.10	275.00	275.80	248.70	3.473 times
26 Mon Feb 2024	270.25	265.30	274.80	263.20	1.404 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 238.9, but if it comes above 238.9, then a intra day buy could be more profitable.
If you take a sell trade below 238.9, then use 238.9 as stoploss and 221.8 as target. However if you take a buy trade in stock , then use 238.9 as stoploss and 253.17 as target.

Share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Target	195.15
Downside Target	207.00
Downside Target	215.75
Downside Target	227.10
Upside Target	234.15
Upside Target	257.90
Upside Target	259.40
Upside Target	268.95
Upside Target	275.80
Upside Target	280.10
Upside Target	287.60

Intraday share price targets for Kitex Garments (KITEX)

Target Type	Value
Downside Intraday Target	222.42
Downside Intraday Target	214.93
Upside Intraday Target	242.07
Upside Intraday Target	254.23
Upside Intraday Target	234.58

Weekly technical analysis of Kitex Garments (KITEX)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	229.90	245.10	246.75	227.10	0.335 times
02 Sat Mar 2024	244.70	265.30	275.80	238.00	1.063 times
23 Fri Feb 2024	265.30	259.95	280.10	259.40	1.543 times
16 Fri Feb 2024	261.90	261.00	268.95	246.30	0.3 times
09 Fri Feb 2024	260.25	277.85	287.60	257.90	0.403 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
07 Thu Mar 2024	229.90	242.35	251.00	227.10	0.05 times
29 Thu Feb 2024	238.75	237.80	287.60	234.15	2.201 times
31 Wed Jan 2024	232.25	224.50	246.10	217.05	0.917 times
29 Fri Dec 2023	225.20	208.55	242.45	207.00	2.658 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 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 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 moving up

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

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 246.74 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 positive

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