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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 2024-10-09 View latest technical analysis

10 day averaged volume of Nitin Spinners is 92909

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	377.50	386.90	389.30	375.35	1.22 times
08 Tue Oct 2024	386.20	361.95	388.00	352.40	1.578 times
07 Mon Oct 2024	367.45	376.65	378.25	351.25	1.855 times
04 Fri Oct 2024	374.05	377.70	382.20	366.30	0.807 times
03 Thu Oct 2024	375.20	379.95	386.95	367.55	1.206 times
01 Tue Oct 2024	380.05	381.50	385.30	375.15	0.936 times
30 Mon Sep 2024	383.30	386.00	389.90	380.00	0.541 times
27 Fri Sep 2024	390.55	391.85	395.00	386.00	0.617 times
26 Thu Sep 2024	388.15	394.20	396.00	385.70	0.708 times
25 Wed Sep 2024	394.35	398.95	402.00	392.90	0.715 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 379.2, but if it comes above 379.2, then a intra day buy could be more profitable.
If you take a sell trade below 379.2, then use 379.2 as stoploss and 362.2 as target. However if you take a buy trade in stock , then use 379.2 as stoploss and 393.32 as target.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	344.95
Downside Target	366.30
Upside Target	380.00
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	356.07
Downside Intraday Target	334.63
Upside Intraday Target	394.12
Upside Intraday Target	410.73
Downside Intraday Target	372.68

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	377.50	376.65	389.30	351.25	1.333 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 up 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
09 Wed Oct 2024	377.50	381.50	389.30	351.25	0.325 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

Nitin Spinners Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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

Stock of Nitin Spinners is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 379.73 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.