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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 2024-12-06 View latest technical analysis

10 day averaged volume of Nitin Spinners is 206204

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	450.65	442.00	455.00	441.00	0.799 times
05 Thu Dec 2024	441.00	450.00	453.70	439.40	0.655 times
04 Wed Dec 2024	449.30	447.80	456.20	441.15	1.677 times
03 Tue Dec 2024	441.65	426.00	444.95	426.00	2.355 times
02 Mon Dec 2024	421.15	404.85	425.00	402.30	0.966 times
29 Fri Nov 2024	405.30	407.45	409.70	402.05	0.342 times
28 Thu Nov 2024	406.50	400.05	411.70	389.70	0.879 times
27 Wed Nov 2024	399.70	396.00	412.65	387.55	1.339 times
26 Tue Nov 2024	394.90	376.95	399.90	375.45	0.605 times
25 Mon Nov 2024	376.95	378.20	383.95	371.15	0.476 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 459.3, for a target of 428.9 or 403.57

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	351.25
Downside Target	371.15
Downside Target	380.00
Downside Target	412.65
Downside Target	417.80
Downside Target	424.90
Downside Target	433.20
Downside Target	449.90
Upside Target	456.20
Upside Target	474.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	416.57
Downside Intraday Target	382.48
Upside Intraday Target	470.47
Upside Intraday Target	490.28
Downside Intraday Target	436.38

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	450.65	404.85	456.20	402.30	1.771 times
29 Fri Nov 2024	405.30	378.20	412.65	371.15	1.224 times
22 Fri Nov 2024	376.85	388.80	396.45	357.10	1.204 times
14 Thu Nov 2024	388.80	392.50	417.80	385.05	0.355 times
08 Fri Nov 2024	396.45	420.00	433.20	391.35	2.049 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
06 Fri Dec 2024	450.65	404.85	456.20	402.30	0.394 times
29 Fri Nov 2024	405.30	421.90	433.20	357.10	1.352 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

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nitin Spinners stock for short term is BUY. Signal strength is Strong and stock is gaining 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 green color and prices are above the green 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 425.91 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 positive

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