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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)

10 day averaged volume of Kitex Garments is 186036

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 220.20 225.00 228.55 218.35 4.262 times
20 Mon May 2024 213.70 215.50 216.00 211.00 0.351 times
17 Fri May 2024 213.35 211.00 216.00 208.35 1.401 times
16 Thu May 2024 209.20 211.00 212.10 206.80 0.882 times
15 Wed May 2024 206.95 204.15 211.30 202.15 0.803 times

Stock of Kitex Garments (KITEX) has showed a significant upmove. This could be a good time to enter in this stock!

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 217.4, for a target of 210.7 or 205.15

Share price targets for Kitex Garments (KITEX)

Target Type Value
Downside Target 178.35
Downside Target 184.80
Downside Target 194.00
Downside Target 201.55
Downside Target 207.90
Downside Target 217.05
Upside Target 228.55
Upside Target 234.15
Upside Target 246.10
Upside Target 251.00
Upside Target 287.60

Intraday share price targets for Kitex Garments (KITEX)

Target Type Value
Downside Intraday Target 211.28
Downside Intraday Target 202.37
Upside Intraday Target 228.83
Upside Intraday Target 237.47
Downside Intraday Target 219.92

Weekly technical analysis of Kitex Garments (KITEX)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 220.20 215.50 228.55 211.00 1.171 times
17 Fri May 2024 213.35 199.75 216.00 194.00 1.544 times
10 Fri May 2024 199.25 206.30 209.05 196.35 0.847 times
03 Fri May 2024 205.45 205.75 214.00 201.55 0.905 times
26 Fri Apr 2024 204.70 195.75 207.90 195.25 1.072 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 Kitex Garments (KITEX)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 220.20 204.40 228.55 194.00 0.71 times
30 Tue Apr 2024 203.50 185.00 211.00 184.80 0.622 times
28 Thu Mar 2024 181.95 242.35 251.00 178.35 0.355 times
29 Thu Feb 2024 238.75 237.80 287.60 234.15 2.201 times

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 Kitex Garments (KITEX)

Indicator Name Indicator Value Indicator Signal
ADX 37, 9, 60 Buy
MACD 2, -1Buy
Stochastics 84Buy
CCI 168Buy
RSI 54Buy
OBV 1501718Sell
VWAP 212Buy
ADL 0Sell
ROC 10Buy
Force Index 0Sell

Price action analysis of Kitex Garments ( (KITEX) ) 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 Kitex Garments ( (KITEX) ) 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 Kitex Garments ( (KITEX) ) 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 Kitex Garments ( (KITEX) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Kitex Garments in short term and the buy signal is strong.

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

Kitex Garments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Kitex Garments 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 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 212.46 and Kitex Garments (KITEX) 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 Kitex Garments (KITEX) stock. Volume based technical analysis of Kitex Garments (KITEX) stock is negative.

Kitex Garments 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.

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