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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 2024-11-08 View latest technical analysis

10 day averaged volume of Nitin Spinners is 200592

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	396.45	401.00	410.00	393.50	0.909 times
07 Thu Nov 2024	405.95	432.95	432.95	391.35	4.183 times
06 Wed Nov 2024	430.25	427.00	433.20	425.15	0.575 times
05 Tue Nov 2024	425.65	416.10	428.80	413.95	0.496 times
04 Mon Nov 2024	417.35	420.00	429.40	414.05	0.995 times
01 Fri Nov 2024	423.75	421.90	428.50	418.50	0.35 times
31 Thu Oct 2024	416.10	407.50	424.90	401.00	1.131 times
30 Wed Oct 2024	407.55	400.30	418.60	393.40	0.932 times
29 Tue Oct 2024	400.30	395.80	409.00	388.40	0.69 times
28 Mon Oct 2024	394.50	381.20	402.50	374.15	0.39 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 395.8 as stoploss in an intra day buy trade for a target of 407.4. However, stock will show a bearish move below 395.8.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	344.95
Downside Target	374.15
Downside Target	391.35
Upside Target	408.75
Upside Target	417.60
Upside Target	424.90
Upside Target	428.50
Upside Target	433.20
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	380.8
Downside Intraday Target	365.15
Upside Intraday Target	422.65
Upside Intraday Target	448.85
Upside Intraday Target	407

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	396.45	420.00	433.20	391.35	2.049 times
01 Fri Nov 2024	423.75	381.20	428.50	374.15	1.533 times
25 Fri Oct 2024	381.20	411.50	412.40	377.60	1.11 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

Price has moved down 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
08 Fri Nov 2024	396.45	421.90	433.20	391.35	0.602 times
31 Thu Oct 2024	416.10	381.50	424.90	351.25	1.151 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

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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 409.45 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.