KITEX GARMENTS LTD – SWING TRADE PLAN

Jul 8

KITEX GARMENTS has delivered a volume-backed breakout from a bullish cup & handle pattern. The technicals are aligned with improving fundamentals, making this a high-probability swing trade setup.

✅ Cup & Handle Breakout 💥
📈 Entry: ₹291–₹295 | 🎯 Target: ₹324 / ₹350 | 🔐 SL: ₹272
🧠 Strong volume + solid fundamentals

Technical Analysis

Classic Cup and Handle pattern breakout above neckline ₹291.

Strong bullish close at ₹295.35 with high volume (3.01M vs avg 580K).

Price above 20(276) & 50 (259) EMA which confirms confirms bullish trend. Both the EMAs slopping upward which shows positive trend structure.

price can take support near ₹274–₹276 (handle + 20 EMA).
Resistance ₹324 (Target) (swing high), ₹350 (measured move target).

Volume spike confirms real breakout, not a fake breakout.

Demand zone breakout with institutional interest.

FUNDAMENTAL KEYS WHICH SUPPORT STOCK FOR BULLISH TREND.

KITEX is financially sound with low debt, stable returns, and improving growth. Fundamentals support bullish technical setup. High promoter confidence (>60%). Consistently company's sales growth is improving Q-o-Q.

Jul 23

Trade active

stop loss hit

Jul 29

Order cancelled