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Stock analysis Kitex Garments Limited KITEX

More indepth analysis on MunafaSutra.com

Moving Averages for Kitex Garments Limited

  • 5Day Average: 525.79
  • 12Day Average: 519.52
  • 20Day Average: 505.21
  • 50Day Average: 423.8
  • 100Day Average: 319.18
  • 150Day Average: 279.52
  • 200Day Average: 270.39

KITEX Indicators & signals

Indicator MACD (12,26,9)

517.36, 487.35, 33.03
Indicator MACD is in positive zone

Indicator ADX (14)

14.29, 30.61, 22.96
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of KITEX Kitex Garments Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Mon Oct 2024 533.85 505.60 to 546.50 2.18% 0.78 times
11 Fri Oct 2024 522.45 522.45 to 565.00 -5% 0.9 times
10 Thu Oct 2024 549.95 543.35 to 549.95 4.99% 0.67 times
09 Wed Oct 2024 523.80 503.00 to 523.80 4.99% 0.27 times
08 Tue Oct 2024 498.90 477.15 to 514.00 -0.67% 1.36 times
07 Mon Oct 2024 502.25 502.25 to 525.00 -4.99% 0.44 times
04 Fri Oct 2024 528.65 528.65 to 575.00 -5% 1.25 times
03 Thu Oct 2024 556.45 530.55 to 569.00 2.68% 3.14 times
01 Tue Oct 2024 541.95 510.55 to 541.95 5% 1.06 times
30 Mon Sep 2024 516.15 516.15 to 516.15 4.99% 0.32 times
27 Fri Sep 2024 491.60 466.20 to 491.60 5% 0.6 times
26 Thu Sep 2024 468.20 463.20 to 486.00 -1.68% 0.44 times

Technical analysis forecast of Kitex Garments Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Kitex Garments Limited KITEX at this time. Stock is rising and might rise more.

It appears as if Kitex Garments Limited KITEX gave a large move recently.

Stock of Kitex Garments Limited (KITEX) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Kitex Garments Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Kitex Garments Limited stays above 531, but if it comes below 531, then a intra day sell could be more profitable.
If you take a sell trade below 531, then use 531 as stoploss and 501.18 as target. However if you take a buy trade in Kitex Garments Limited, then use 531 as stoploss and 566.9 as target.

More indepth analysis on MunafaSutra.com