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Kitexgarmentsltd

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
Looks Good for Short termKitex Garments Ltd. The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern has formed during a downtrend as the price reaches two distinct lows at roughly the same price level. Finally the price breaks upward above the highest high to confirm the bullish signal. Short term target is marked. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KITEX
by hardeepssethi