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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 2024-03-27 View latest technical analysis

10 day averaged volume of Nitin Spinners is 105054

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	328.75	321.50	340.20	321.30	1.014 times
26 Tue Mar 2024	325.95	340.40	342.95	321.10	1.106 times
22 Fri Mar 2024	340.40	336.00	342.00	335.20	0.541 times
21 Thu Mar 2024	337.60	346.60	350.35	337.05	0.688 times
20 Wed Mar 2024	344.65	332.70	346.35	331.10	0.625 times
19 Tue Mar 2024	335.40	336.85	339.00	331.05	0.65 times
18 Mon Mar 2024	335.20	330.65	337.60	318.00	0.846 times
15 Fri Mar 2024	329.00	326.00	332.50	324.05	0.953 times
14 Thu Mar 2024	327.40	304.55	330.60	301.00	1.498 times
13 Wed Mar 2024	304.85	321.40	329.65	300.00	1.752 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 325.4 as stoploss in an intra day buy trade for a target of 338.46. However, stock will show a bearish move below 325.4.

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	342.95
Upside Target	359.60
Upside Target	365.70
Upside Target	366.75
Upside Target	368.65
Upside Target	369.95
Upside Target	381.05
Upside Target	394.60

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	318.92
Downside Intraday Target	309.08
Upside Intraday Target	340.77
Upside Intraday Target	352.78
Upside Intraday Target	330.93

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	328.75	340.40	342.95	321.10	0.633 times
22 Fri Mar 2024	340.40	330.65	350.35	318.00	0.514 times
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

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
27 Wed Mar 2024	328.75	358.50	366.75	300.00	0.451 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short 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 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 neutral. A longer time frame might give a better analysis.

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. Bulls are getting tired and bears 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

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 327.24 and Nitin Spinners (NITINSPIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.