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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 2024-10-21 View latest technical analysis

10 day averaged volume of Nitin Spinners is 113860

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	410.00	411.50	412.40	398.55	0.611 times
18 Fri Oct 2024	406.35	409.00	409.95	395.15	0.503 times
17 Thu Oct 2024	409.85	410.10	417.60	404.00	0.733 times
16 Wed Oct 2024	407.95	405.10	415.00	404.05	0.524 times
15 Tue Oct 2024	408.40	412.85	413.85	395.00	0.673 times
14 Mon Oct 2024	411.05	408.05	413.00	399.10	1.183 times
11 Fri Oct 2024	405.85	390.05	408.75	385.35	1.459 times
10 Thu Oct 2024	390.05	379.00	393.70	374.50	1.129 times
09 Wed Oct 2024	377.50	386.90	389.30	375.35	0.995 times
08 Tue Oct 2024	386.20	361.95	388.00	352.40	1.288 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 406.5, but if it comes below 406.5, then a intra day sell could be more profitable.
If you take a sell trade below 406.5, then use 406.5 as stoploss and 392.96 as target. However if you take a buy trade in stock , then use 406.5 as stoploss and 422.7 as target.

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
Downside Target	405.45
Downside Target	408.75
Upside Target	412.40
Upside Target	417.60
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	401.57
Downside Intraday Target	393.13
Upside Intraday Target	415.42
Upside Intraday Target	420.83
Downside Intraday Target	406.98

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	410.00	411.50	412.40	398.55	0.169 times
18 Fri Oct 2024	406.35	408.05	417.60	395.00	0.566 times
11 Fri Oct 2024	405.85	376.65	408.75	351.25	2.242 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

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
21 Mon Oct 2024	410.00	381.50	417.60	351.25	0.683 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short 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.

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short to mid 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.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Nitin Spinners in short term and the buy signal is strong.

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

Nitin Spinners Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 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 399.62 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 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.