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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 2024-09-27 View latest technical analysis

10 day averaged volume of Nitin Spinners is 94858

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	390.55	391.85	395.00	386.00	0.604 times
26 Thu Sep 2024	388.15	394.20	396.00	385.70	0.693 times
25 Wed Sep 2024	394.35	398.95	402.00	392.90	0.701 times
24 Tue Sep 2024	397.00	397.90	405.45	392.00	1.015 times
23 Mon Sep 2024	395.80	401.20	405.15	394.40	0.91 times
20 Fri Sep 2024	401.20	398.70	404.90	390.70	1.231 times
19 Thu Sep 2024	393.55	402.75	407.90	383.20	1.58 times
18 Wed Sep 2024	398.85	407.85	410.15	395.50	1.096 times
17 Tue Sep 2024	407.85	415.00	417.45	406.00	0.67 times
16 Mon Sep 2024	414.35	419.00	419.20	405.15	1.586 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 396.3, but if it comes above 396.3, then a intra day buy could be more profitable.
If you take a sell trade below 396.3, then use 396.3 as stoploss and 382.2 as target. However if you take a buy trade in stock , then use 396.3 as stoploss and 408.17 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
Upside Target	400.00
Upside Target	416.65
Upside Target	430.90
Upside Target	447.05
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	382.35
Downside Intraday Target	374.15
Upside Intraday Target	402.1
Upside Intraday Target	413.65
Upside Intraday Target	393.9

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	390.55	401.20	405.45	385.70	0.637 times
20 Fri Sep 2024	401.20	419.00	419.20	383.20	1.464 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

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 Fri Sep 2024	390.55	425.95	449.90	383.20	0.302 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Nitin Spinners stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Nitin Spinners in short term and the sell signal is strong.

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 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 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 399.33 and Nitin Spinners (NITINSPIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.