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Stock analysis Kitex Garments Limited KITEX

More indepth analysis on MunafaSutra.com

Moving Averages for Kitex Garments Limited

  • 5Day Average: 176.86
  • 12Day Average: 216.83
  • 20Day Average: 412.38
  • 50Day Average: 504.09
  • 100Day Average: 451.77
  • 150Day Average: 372.27
  • 200Day Average: 329.57

KITEX Indicators & signals

Indicator MACD (12,26,9)

256.73, 375.8, -95.85
Indicator MACD is in negative zone

Indicator ADX (14)

48.43, 18.29, 52.64
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 27
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
25 Tue Mar 2025 185.77 179.00 to 191.52 1.85% 2.4 times
24 Mon Mar 2025 182.40 173.72 to 182.40 5% 0.66 times
21 Fri Mar 2025 173.72 169.94 to 175.00 1.65% 0.85 times
20 Thu Mar 2025 170.90 169.93 to 174.90 -0.36% 0.92 times
19 Wed Mar 2025 171.52 168.49 to 176.26 2.17% 2.41 times
18 Tue Mar 2025 167.87 161.57 to 167.87 5% 0.97 times
17 Mon Mar 2025 159.88 155.65 to 164.00 -0.57% 0.72 times
13 Thu Mar 2025 160.79 159.11 to 169.80 -1.67% 0.84 times
12 Wed Mar 2025 163.52 159.10 to 166.81 2.93% 0.89 times
11 Tue Mar 2025 158.87 155.98 to 160.09 -3.24% 0.99 times
10 Mon Mar 2025 164.19 162.85 to 171.41 -77.89% 0.76 times
04 Wed Dec 2024 742.55 722.05 to 745.25 3.03% 0.54 times

Technical analysis forecast for Kitex Garments Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Kitex Garments Limited KITEX at this time. Stock is falling and might fall more.

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

Stock of Kitex Garments Limited (KITEX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Kitex Garments Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 66.5 as stoploss in an intra day buy trade for a target of 336.61. However, stock will show a bearish move below 66.5.

More indepth analysis on MunafaSutra.com