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KITEX

KITEX GARMENTS LTD – SWING TRADE PLANKITEX 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.
NSE:KITEXLong
by Airborn_trader
1
Kitex Garments cmp 280.60 by Daily Chart viewKitex Garments cmp 280.60 by Daily Chart view - Support Zone 265 to 273 Price Band - Resistance Zone 287 to 294 Price Band - Bullish Head & Shoulders formed with Support Zone neckline - Volumes seen spiking up at regular intervals above avg traded quantity - Support Zone been tested retested over past few days, anticipating upside breakout - Rising Support Trendline respected plus Falling Resistance Trendline Breakout attempted - Majority of the Technical Indicators BB, EMA, MACD, RSI seen getting in a positive trend mode
NSE:KITEX
by PIYUSHCHAVDA
KITEX - Breakout Setup, Move is ON..NSE:KITEX ✅ #KITEX trading near Resistance of 752 ✅ Next Resistance is at 1178 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KITEXLong
by Sandeep_Aggarwal
KITEX - Breakout Setup, Move is ON..NSE:KITEX ✅ #KITEX trading above Resistance of 524 ✅ Next Resistance is at 752 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KITEXLong
by Sandeep_Aggarwal
2
YR 2022 Idea #62: Long on KITEX withThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:KITEXLong
by onerighttrade