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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 2024-08-30 View latest technical analysis

10 day averaged volume of Nitin Spinners is 141583

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	421.85	422.55	425.40	416.65	0.51 times
29 Thu Aug 2024	418.90	429.80	434.40	417.00	0.978 times
28 Wed Aug 2024	429.00	427.05	450.80	426.10	1.716 times
27 Tue Aug 2024	430.40	432.35	434.95	422.25	0.921 times
26 Mon Aug 2024	432.40	440.00	447.95	428.10	0.869 times
23 Fri Aug 2024	442.10	448.25	448.25	439.05	0.667 times
22 Thu Aug 2024	444.90	430.45	447.95	430.45	1.757 times
21 Wed Aug 2024	430.45	431.80	434.50	427.10	0.758 times
20 Tue Aug 2024	425.70	439.00	440.25	422.10	0.63 times
19 Mon Aug 2024	433.45	426.40	435.70	421.60	0.857 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 417.8 as stoploss in an intra day buy trade for a target of 429.88. However, stock will show a bearish move below 417.8.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	305.00
Downside Target	324.60
Downside Target	344.95
Downside Target	366.30
Downside Target	377.90
Downside Target	400.00
Downside Target	416.65
Upside Target	442.70
Upside Target	447.05
Upside Target	448.25
Upside Target	450.80
Upside Target	474.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	408.73
Downside Intraday Target	395.62
Upside Intraday Target	442.88
Upside Intraday Target	463.92
Upside Intraday Target	429.77

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	421.85	440.00	450.80	416.65	1.07 times
23 Fri Aug 2024	442.10	426.40	448.25	421.60	0.862 times
16 Fri Aug 2024	417.20	433.40	442.95	406.70	0.172 times
09 Fri Aug 2024	433.40	420.00	474.00	400.00	3.377 times
02 Fri Aug 2024	421.90	431.95	442.70	406.05	0.253 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
30 Fri Aug 2024	421.85	425.35	474.00	400.00	0.635 times
31 Wed Jul 2024	425.40	360.00	447.05	344.95	4.865 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

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 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 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 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 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 SELL signal for Nitin Spinners in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 432.13 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.