If you are long term Investor - Kitex garments gives you an opportunity to multiply your Investments.
Peer Analysis - Garment Sector shows Kitex is very strong compared to its peers and beating them in a handsome fashion :)
Fundamental Analysis - Fundamentally good stock with deep cut in premium price and trading at very lucrative PE Ratio.
If you like my ...
After making Wedge Pattern (shown in graph). Share has made a break out from it with MARUBOZU candle (shown in blue box). On the basis of week graph analysis , Upcoming Mark Up phase could be expected after Accumulation phase. Share price will go up.
in weekly, price is moving sideways, it looks like a symmetrical triangle.
price recently bounced from the trend line support with good volume,
in daily , there is a symmetrical triangle formation and then break out with good volume.
there was a BB squeeze , now price closed above upper BB with good volume and BB is now ...
Kitex: ₹419 is having a breakout from a long down trend line, and also from a symmetrical triangle, with an over sold status. Compare to it peers, the performance is good. Gokaldas is also almost same technical stand now but, even with half of its sales, kitex is a star performer, with no major debt burden and growth in sales shows growth in future. In my view ...
Kitex Garments on weekly charts has given a breakout after a long and decent consolidation.
This stock can be bought now for first target of 620 Positional.
I expect this level can be seen in couple of months from now.
Good Risk to Reward.