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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 21160

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 294.05 295.00 298.00 284.10 1.021 times
21 Tue May 2024 294.95 305.00 305.00 294.50 6.389 times
20 Mon May 2024 310.00 305.00 312.90 305.00 0.321 times
17 Fri May 2024 299.90 313.50 313.50 297.00 0.51 times
16 Thu May 2024 309.60 320.00 320.00 295.10 0.454 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 300, but if it comes above 300, then a intra day buy could be more profitable.
If you take a sell trade below 300, then use 300 as stoploss and 289.1 as target. However if you take a buy trade in stock , then use 300 as stoploss and 309.05 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 291.05
Upside Target 300.00
Upside Target 319.00
Upside Target 320.00
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 281.13
Downside Intraday Target 268.22
Upside Intraday Target 309.93
Upside Intraday Target 325.82
Upside Intraday Target 297.02

Weekly technical analysis of Karnika Industries (KARNIKA_SM)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 294.05 305.00 312.90 284.10 3.933 times
17 Fri May 2024 299.90 306.50 320.00 291.05 2.419 times
10 Fri May 2024 306.35 320.00 327.95 302.50 0.341 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

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 Karnika Industries (KARNIKA_SM)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 294.05 331.20 331.20 284.10 0.327 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 16, 27, 27 Sell
MACD 11, 16Sell
Stochastics 29Sell
CCI -146Sell
RSI 47Sell
OBV -132800Sell
VWAP 297Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) 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 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 SELL. 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.

Karnika Industries 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Karnika Industries in short term and SELL signal is strong!

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 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 297.27 and Karnika Industries (KARNIKA_SM) 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 Karnika Industries (KARNIKA_SM) stock. Volume based technical analysis of Karnika Industries (KARNIKA_SM) stock is negative.

Karnika Industries 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.

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