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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 2024-09-16 View latest technical analysis

10 day averaged volume of Nitin Spinners is 116432

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	414.35	419.00	419.20	405.15	1.292 times
13 Fri Sep 2024	415.20	412.00	420.70	412.00	0.422 times
12 Thu Sep 2024	413.20	414.70	417.65	407.80	0.692 times
11 Wed Sep 2024	412.55	422.25	424.05	411.00	0.555 times
10 Tue Sep 2024	419.75	417.00	430.90	417.00	1.024 times
09 Mon Sep 2024	417.00	415.95	421.85	407.70	0.735 times
06 Fri Sep 2024	418.05	421.45	427.10	413.75	0.814 times
05 Thu Sep 2024	422.75	426.40	430.90	420.05	0.662 times
04 Wed Sep 2024	427.10	422.05	429.10	412.85	1.157 times
03 Tue Sep 2024	423.50	415.70	432.80	412.80	1.666 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 414.5, but if it comes above 414.5, then a intra day buy could be more profitable.
If you take a sell trade below 414.5, then use 414.5 as stoploss and 403.7 as target. However if you take a buy trade in stock , then use 414.5 as stoploss and 423.59 as target.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	305.00
Downside Target	344.95
Downside Target	366.30
Downside Target	380.00
Downside Target	400.00
Upside Target	416.65
Upside Target	430.90
Upside Target	447.05
Upside Target	448.25
Upside Target	449.90
Upside Target	450.80
Upside Target	474.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	406.6
Downside Intraday Target	398.85
Upside Intraday Target	420.65
Upside Intraday Target	426.95
Downside Intraday Target	412.9

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	414.35	419.00	419.20	405.15	0.377 times
13 Fri Sep 2024	415.20	415.95	430.90	407.70	0.522 times
06 Fri Sep 2024	418.05	425.95	449.90	407.85	1.082 times
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

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
16 Mon Sep 2024	414.35	425.95	449.90	405.15	0.187 times
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

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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 419.3 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 negative.

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