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KITEX GARMENTS LTD.KITEX GARMENTS LTD.KITEX GARMENTS LTD.

KITEX GARMENTS LTD.

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KITEX trade ideas

KITEX GARMENTS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:KITEX
by zenthosh
KITEX S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:KITEX
by zenthosh
Kitex Garments Ltd.*Kitex Garments Ltd* Multiple Patterns playing out. Rising C&H; Formation on Yearly Basis. FiB Retracement working out. *W* playing out on Yearly Basis. RBs to form at rising higher levels. To face multiple Resistance levels. RSI: 1H W >M EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Weekly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* *_Turmoil in Bangladesh a Big Positive for Indian Textile_* Co. increasing capacity. Risking debt a concern. Profitable & growing business. *Do your own research as well. This is an Opinion* *_Happy Investing_*🤓
NSE:KITEXLong
by IdeasNeosagi
Kitex looks good for 260++Techmically Trying to cross resistance 240 if cross 245 rally to 280 expected recent december quarter is positive target1 260 t2 280 stop 200 Fundamentals improving last 4 quargers were not impressive holding period 20 days if no momentum exit position. Purely for education purpose.Not a buy/sell reco consult an advisor before any taking positions. Kitex Garments Limited was incorporated in 1992 and is a kerala based company. The company exports cotton and organic cotton garments especially infant wear to US and European markets Kitex Garments Ltd. (KGL) is the world’s second largest manufacturer of cotton and organic cotton ready-to-wear garments for infants and children
NSE:KITEXLong
by CRYSTAL_EQUITY
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