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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.

10 day averaged volume of Nitin Spinners is 89144

Date Daily Closing Price Open High Low Volume
15 Thu Apr 2021 81.45 84.30 84.30 80.50 1.175 times
13 Tue Apr 2021 85.05 81.00 86.55 81.00 2.542 times
12 Mon Apr 2021 81.45 89.00 89.65 80.00 1.488 times
09 Fri Apr 2021 88.45 88.80 89.15 84.65 1.029 times
08 Thu Apr 2021 87.70 91.50 91.95 87.00 1.889 times
07 Wed Apr 2021 84.80 85.75 86.00 84.00 0.38 times
06 Tue Apr 2021 84.10 84.15 84.70 83.50 0.378 times
05 Mon Apr 2021 84.10 84.70 84.70 81.30 0.906 times
01 Thu Apr 2021 84.70 80.80 86.00 80.80 0.681 times
31 Wed Mar 2021 80.75 81.25 82.00 80.15 0.247 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 81.6, but if it comes above 81.6, then a intra day buy could be more profitable.
If you take a sell trade below 81.6, then use 81.6 as stoploss and 78.8 as target. However if you take a buy trade in stock , then use 81.6 as stoploss and 83.93 as target.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type Value
Downside Target 37.50
Downside Target 41.15
Downside Target 52.50
Downside Target 55.00
Downside Target 69.75
Downside Target 78.00
Downside Target 80.00
Upside Target 85.00
Upside Target 87.00
Upside Target 89.65
Upside Target 91.20
Upside Target 91.95
Upside Target 93.20

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type Value
Downside Intraday Target 77.75
Downside Intraday Target 74.05
Upside Intraday Target 87.4
Upside Intraday Target 93.35
Upside Intraday Target 83.7

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date Weekly Closing Price Open High Low Volume
15 Thu Apr 2021 81.45 89.00 89.65 80.00 1.136 times
09 Fri Apr 2021 88.45 84.70 91.95 81.30 3.304 times
01 Thu Apr 2021 84.70 82.40 86.00 80.15 0.264 times
26 Fri Mar 2021 82.05 83.70 87.00 81.15 0.368 times
19 Fri Mar 2021 84.05 85.95 91.20 80.10 3.204 times

Price has moved down 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
15 Thu Apr 2021 81.45 80.80 91.95 80.00 0.265 times
31 Wed Mar 2021 80.75 79.10 93.20 78.00 1.799 times
25 Thu Feb 2021 80.40 79.50 85.00 69.75 2.468 times
09 Mon Nov 2020 48.90 55.00 55.00 41.15 0.255 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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 18, 2 Sell
MACD 4, 5Sell
Stochastics 22Sell
CCI -92Sell
RSI 58Buy
OBV 604869Sell
VWAP 85Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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

ADX buy sell signal for Nitin Spinners stock for short term is SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down

CCI has generated a SELL signal for Nitin Spinners in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 84.71 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.

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Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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