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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 2024-07-11 View latest technical analysis

10 day averaged volume of Nitin Spinners is 139414

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	354.30	352.35	359.50	351.80	0.532 times
10 Wed Jul 2024	352.30	356.65	356.65	344.95	1.074 times
09 Tue Jul 2024	354.65	365.60	366.55	353.00	0.605 times
08 Mon Jul 2024	363.75	364.35	370.20	360.75	0.851 times
05 Fri Jul 2024	363.75	366.25	368.40	359.60	1.049 times
04 Thu Jul 2024	366.25	377.30	377.30	364.25	0.631 times
03 Wed Jul 2024	373.85	374.50	378.00	372.00	0.575 times
02 Tue Jul 2024	374.50	379.80	383.80	370.00	1.241 times
01 Mon Jul 2024	378.20	360.00	384.00	357.35	2.682 times
28 Fri Jun 2024	356.75	351.90	364.00	350.70	0.846 times

My analysis of stock is bearish for shortterm, and stock might move down till 346.3 or till 334.3. Use a stoploss of 356.36 and if the stock hits stoploss, then it can shoot up till 366.4

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	300.00
Downside Target	324.60
Downside Target	340.20
Upside Target	366.30
Upside Target	366.75
Upside Target	370.20
Upside Target	377.90
Upside Target	380.00
Upside Target	384.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	342.77
Downside Intraday Target	331.23
Upside Intraday Target	368.02
Upside Intraday Target	381.73
Upside Intraday Target	356.48

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	354.30	364.35	370.20	344.95	0.496 times
05 Fri Jul 2024	363.75	360.00	384.00	357.35	1.374 times
28 Fri Jun 2024	356.75	341.00	366.30	340.20	2.133 times
21 Fri Jun 2024	345.60	345.55	353.20	341.75	0.577 times
14 Fri Jun 2024	345.45	335.05	348.70	329.55	0.606 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
11 Thu Jul 2024	354.30	360.00	384.00	344.95	0.567 times
28 Fri Jun 2024	356.75	324.00	366.30	293.00	1.054 times
31 Fri May 2024	314.70	374.75	380.00	305.00	1.117 times
30 Tue Apr 2024	373.40	324.60	377.90	324.60	1.028 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 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 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 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 Weak and stock is losing 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

Although the stock is in the BUY zone, but buying 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 366.8 and Nitin Spinners (NITINSPIN) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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