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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 2024-04-04 View latest technical analysis

10 day averaged volume of Nitin Spinners is 118930

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	364.25	354.85	368.75	349.45	1.458 times
03 Wed Apr 2024	353.60	344.85	365.00	343.35	2.769 times
02 Tue Apr 2024	344.85	339.80	345.80	334.30	1.224 times
01 Mon Apr 2024	339.40	324.60	341.75	324.60	1.212 times
28 Thu Mar 2024	324.85	331.00	335.55	323.30	0.71 times
27 Wed Mar 2024	328.75	321.50	340.20	321.30	0.895 times
26 Tue Mar 2024	325.95	340.40	342.95	321.10	0.977 times
22 Fri Mar 2024	340.40	336.00	342.00	335.20	0.478 times
21 Thu Mar 2024	337.60	346.60	350.35	337.05	0.608 times
20 Wed Mar 2024	344.65	332.70	346.35	331.10	0.552 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 362.7, for a target of 348.1 or 335.94

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	300.00
Downside Target	313.05
Downside Target	342.95
Downside Target	350.35
Downside Target	359.60
Upside Target	366.75
Upside Target	368.65
Upside Target	368.75
Upside Target	369.95
Upside Target	394.60

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	336.32
Downside Intraday Target	308.38
Upside Intraday Target	380.47
Upside Intraday Target	396.68
Downside Intraday Target	352.53

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	364.25	324.60	368.75	324.60	2.58 times
28 Thu Mar 2024	324.85	340.40	342.95	321.10	0.873 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

Price has moved up 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
04 Thu Apr 2024	364.25	324.60	368.75	324.60	0.422 times
28 Thu Mar 2024	324.85	358.50	366.75	300.00	0.472 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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nitin Spinners Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Nitin Spinners in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 344.13 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.