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(KARNIKA_SM) Karnika Industries complete technical analysis [charts+indicators] | Buy/Sell Karnika Industries | (KARNIKA_SM) share price targets

Complete technical analysis of Karnika Industries (KARNIKA_SM) by charts plus indicators, forecast predictions and share price targets for Karnika Industries (KARNIKA_SM)

10 day averaged volume of Karnika Industries is 6240

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 299.90 313.50 313.50 297.00 1.731 times
16 Thu May 2024 309.60 320.00 320.00 295.10 1.538 times
15 Wed May 2024 305.00 300.00 305.00 300.00 0.128 times
14 Tue May 2024 299.95 300.00 304.45 295.00 0.833 times
13 Mon May 2024 299.75 306.50 308.00 291.05 2.436 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 301.8, but if it comes above 301.8, then a intra day buy could be more profitable.
If you take a sell trade below 301.8, then use 301.8 as stoploss and 292 as target. However if you take a buy trade in stock , then use 301.8 as stoploss and 309.89 as target.

Share price targets for Karnika Industries (KARNIKA_SM)

Target Type Value
Downside Target 119.75
Downside Target 129.35
Downside Target 161.00
Downside Target 219.55
Downside Target 245.95
Downside Target 281.00
Downside Target 288.50
Upside Target 300.00
Upside Target 319.00
Upside Target 320.00
Upside Target 327.95
Upside Target 331.10
Upside Target 331.20

Intraday share price targets for Karnika Industries (KARNIKA_SM)

Target Type Value
Downside Intraday Target 287.3
Downside Intraday Target 274.7
Upside Intraday Target 316.25
Upside Intraday Target 332.6
Upside Intraday Target 303.65

Weekly technical analysis of Karnika Industries (KARNIKA_SM)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 299.90 306.50 320.00 291.05 2.419 times
10 Fri May 2024 306.35 320.00 327.95 302.50 0.341 times
03 Fri May 2024 319.50 321.90 331.20 306.25 0.399 times
26 Fri Apr 2024 307.35 313.00 319.00 300.00 1.068 times
19 Fri Apr 2024 308.00 298.00 308.00 288.50 0.607 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Karnika Industries (KARNIKA_SM)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 299.90 331.20 331.20 291.05 0.097 times
30 Tue Apr 2024 324.05 301.70 331.10 281.00 0.715 times
28 Thu Mar 2024 301.70 222.05 308.00 219.55 0.547 times
29 Thu Feb 2024 232.55 137.55 245.95 129.35 1.725 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Karnika Industries (KARNIKA_SM)

Indicator Name Indicator Value Indicator Signal
ADX 22, 18, 10 Buy
MACD 16, 21Sell
Stochastics 35None
CCI -58Sell
RSI 46Sell
OBV 1200Sell
VWAP 307Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Karnika Industries ( (KARNIKA_SM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Karnika Industries stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Karnika Industries in short term but the sell signal is initial and weak.

Karnika Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Karnika Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Karnika Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 306.7 and Karnika Industries (KARNIKA_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Karnika Industries (KARNIKA_SM) stock. Volume based technical analysis of Karnika Industries (KARNIKA_SM) stock is negative.

Karnika Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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