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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 2024-03-15 View latest technical analysis

10 day averaged volume of Nitin Spinners is 111655

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	329.00	326.00	332.50	324.05	0.896 times
14 Thu Mar 2024	327.40	304.55	330.60	301.00	1.41 times
13 Wed Mar 2024	304.85	321.40	329.65	300.00	1.649 times
12 Tue Mar 2024	324.65	330.00	335.15	319.00	1.261 times
11 Mon Mar 2024	332.05	345.65	346.20	330.00	0.918 times
07 Thu Mar 2024	344.00	339.85	346.50	335.00	0.707 times
06 Wed Mar 2024	336.50	348.55	348.55	330.60	1.372 times
05 Tue Mar 2024	345.40	354.15	354.15	344.00	0.752 times
04 Mon Mar 2024	354.05	359.45	359.60	346.90	1.145 times
02 Sat Mar 2024	358.20	353.60	361.05	353.60	0.028 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 331.5, but if it comes above 331.5, then a intra day buy could be more profitable.
If you take a sell trade below 331.5, then use 331.5 as stoploss and 309.1 as target. However if you take a buy trade in stock , then use 331.5 as stoploss and 350.2 as target.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	275.95
Downside Target	300.00
Downside Target	313.05
Upside Target	330.60
Upside Target	359.10
Upside Target	366.75
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	303.93
Downside Intraday Target	278.87
Upside Intraday Target	350.13
Upside Intraday Target	371.27
Downside Intraday Target	325.07

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	329.00	345.65	346.20	300.00	1.543 times
07 Thu Mar 2024	344.00	359.45	359.60	330.60	0.828 times
02 Sat Mar 2024	358.20	366.00	381.05	347.20	0.773 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

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 Nitin Spinners (NITINSPIN)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	329.00	358.50	366.75	300.00	0.306 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 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 Nitin Spinners (NITINSPIN)

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short 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 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 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 mid to longer 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.

ADX buy sell signal for Nitin Spinners stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Nitin Spinners 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 below the red 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 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 Nitin Spinners is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 330.77 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 negative.

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