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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 2024-10-10 View latest technical analysis

10 day averaged volume of Nitin Spinners is 94610

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	390.05	379.00	393.70	374.50	1.359 times
09 Wed Oct 2024	377.50	386.90	389.30	375.35	1.198 times
08 Tue Oct 2024	386.20	361.95	388.00	352.40	1.55 times
07 Mon Oct 2024	367.45	376.65	378.25	351.25	1.822 times
04 Fri Oct 2024	374.05	377.70	382.20	366.30	0.793 times
03 Thu Oct 2024	375.20	379.95	386.95	367.55	1.184 times
01 Tue Oct 2024	380.05	381.50	385.30	375.15	0.92 times
30 Mon Sep 2024	383.30	386.00	389.90	380.00	0.531 times
27 Fri Sep 2024	390.55	391.85	395.00	386.00	0.606 times
26 Thu Sep 2024	388.15	394.20	396.00	385.70	0.695 times

My analysis of stock is bearish for shortterm, and stock might move down till 378.8 or till 362.6. Use a stoploss of 392.19 and if the stock hits stoploss, then it can shoot up till 405.62

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	344.95
Downside Target	366.30
Downside 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	362.97
Downside Intraday Target	335.88
Upside Intraday Target	405.42
Upside Intraday Target	420.78
Downside Intraday Target	378.33

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	390.05	376.65	393.70	351.25	1.729 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nitin Spinners (NITINSPIN)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	390.05	381.50	393.70	351.25	0.384 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 up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nitin Spinners in short term and BUY 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 380.08 and Nitin Spinners (NITINSPIN) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.