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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 2024-10-07 View latest technical analysis

10 day averaged volume of Nitin Spinners is 81319

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	367.45	376.65	378.25	351.25	2.119 times
04 Fri Oct 2024	374.05	377.70	382.20	366.30	0.922 times
03 Thu Oct 2024	375.20	379.95	386.95	367.55	1.378 times
01 Tue Oct 2024	380.05	381.50	385.30	375.15	1.07 times
30 Mon Sep 2024	383.30	386.00	389.90	380.00	0.618 times
27 Fri Sep 2024	390.55	391.85	395.00	386.00	0.705 times
26 Thu Sep 2024	388.15	394.20	396.00	385.70	0.809 times
25 Wed Sep 2024	394.35	398.95	402.00	392.90	0.817 times
24 Tue Sep 2024	397.00	397.90	405.45	392.00	1.184 times
23 Mon Sep 2024	395.80	401.20	405.15	394.40	1.061 times

Stock of Nitin Spinners (NITINSPIN) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 363.3, for a target of 381.7 or 396.97

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	344.95
Downside Target	366.30
Upside Target	378.25
Upside Target	400.00
Upside Target	405.45
Upside Target	407.70
Upside Target	419.20
Upside Target	430.90
Upside Target	447.05
Upside Target	449.90
Upside Target	474.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	353.05
Downside Intraday Target	338.65
Upside Intraday Target	380.05
Upside Intraday Target	392.65
Downside Intraday Target	365.65

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	367.45	376.65	378.25	351.25	0.532 times
04 Fri Oct 2024	374.05	386.00	389.90	366.30	0.871 times
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

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
07 Mon Oct 2024	367.45	381.50	386.95	351.25	0.206 times
30 Mon Sep 2024	383.30	425.95	449.90	380.00	0.309 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 382.44 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.