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(NITINSPIN) Nitin Spinners complete technical analysis [charts+indicators] | Buy/Sell Nitin Spinners | (NITINSPIN) share price targets

Complete technical analysis of Nitin Spinners (NITINSPIN) by charts plus indicators, forecast predictions and share price targets for Nitin Spinners (NITINSPIN)

Nitin Spinners trades in NSE in Textiles sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Nitin Spinners is 120060

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	357.70	358.50	366.75	354.55	0.706 times
29 Thu Feb 2024	354.50	354.95	357.50	347.20	0.806 times
28 Wed Feb 2024	352.85	371.45	372.10	351.45	1.093 times
27 Tue Feb 2024	367.75	370.00	381.05	364.00	1.288 times
26 Mon Feb 2024	369.90	366.00	371.50	363.70	0.549 times
23 Fri Feb 2024	366.00	369.95	371.50	363.90	0.601 times
22 Thu Feb 2024	366.75	370.80	370.80	359.10	0.587 times
21 Wed Feb 2024	366.65	387.00	388.90	365.00	2.657 times
20 Tue Feb 2024	377.85	365.45	382.95	365.45	1.311 times
19 Mon Feb 2024	368.00	363.15	377.90	362.00	0.623 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 354.8 as stoploss in an intra day buy trade for a target of 365.35. However, stock will show a bearish move below 354.8.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	275.95
Downside Target	313.05
Downside Target	334.30
Downside Target	354.55
Upside Target	368.65
Upside Target	369.95
Upside Target	377.70
Upside Target	381.05
Upside Target	388.90
Upside Target	394.60

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	342.92
Downside Intraday Target	328.13
Upside Intraday Target	376.77
Upside Intraday Target	395.83
Upside Intraday Target	361.98

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	357.70	366.00	381.05	347.20	0.769 times
23 Fri Feb 2024	366.00	363.15	388.90	359.10	1.316 times
16 Fri Feb 2024	363.10	372.90	377.70	340.60	0.258 times
09 Fri Feb 2024	371.00	349.80	394.60	334.30	1.067 times
02 Fri Feb 2024	349.35	349.90	368.65	341.15	1.997 times

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

Monthly technical analysis of Nitin Spinners (NITINSPIN)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	357.70	358.50	366.75	354.55	0.021 times
29 Thu Feb 2024	354.50	363.15	394.60	334.30	0.89 times
31 Wed Jan 2024	361.80	324.95	368.65	313.05	1.292 times
29 Fri Dec 2023	323.25	360.15	369.95	317.20	0.381 times

Scroll below to view daily charts

Price has moved up 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 Nitin Spinners (NITINSPIN)

Price action analysis of Nitin Spinners ( (NITINSPIN) ) 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 Nitin Spinners ( (NITINSPIN) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Nitin Spinners ( (NITINSPIN) ) 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 Nitin Spinners stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

Nitin Spinners Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nitin Spinners in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Nitin Spinners is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 365.4 and Nitin Spinners (NITINSPIN) 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 Nitin Spinners (NITINSPIN) stock. Volume based technical analysis of Nitin Spinners (NITINSPIN) stock is negative.

Nitin Spinners Stock has given negative returns over a short term period. Returns for a longer term period have been positive

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