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Stock analysis Nitin Spinners Limited NITINSPIN

More indepth analysis on MunafaSutra.com

Moving Averages for Nitin Spinners Limited

  • 5Day Average: 404.79
  • 12Day Average: 400.97
  • 20Day Average: 414.69
  • 50Day Average: 426.23
  • 100Day Average: 414.72
  • 150Day Average: 412.43
  • 200Day Average: 395.47

NITINSPIN Indicators & signals

Indicator MACD (12,26,9)

407.67, 417.78, -10.2
Indicator MACD is in negative zone

Indicator ADX (14)

3.65, 20.88, 22.46
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NITINSPIN Nitin Spinners Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Tue Jan 2025 408.80 405.00 to 421.45 -0.96% 1.05 times
20 Mon Jan 2025 412.75 395.40 to 414.25 3.39% 0.76 times
17 Fri Jan 2025 399.20 396.10 to 402.95 -0.05% 0.37 times
16 Thu Jan 2025 399.40 398.00 to 408.90 -1.09% 0.62 times
15 Wed Jan 2025 403.80 401.70 to 413.85 0.72% 1.08 times
14 Tue Jan 2025 400.90 385.10 to 408.00 3.09% 0.92 times
13 Mon Jan 2025 388.90 377.85 to 393.45 0% 1.4 times
13 Mon Jan 2025 388.90 377.85 to 393.45 -1.36% 1.4 times
10 Fri Jan 2025 394.25 385.95 to 403.25 -0.87% 0.96 times
09 Thu Jan 2025 397.70 396.00 to 406.15 -1.11% 0.48 times
08 Wed Jan 2025 402.15 396.70 to 415.65 -3.07% 2 times
07 Tue Jan 2025 414.90 405.25 to 419.95 2.42% 0.68 times

Technical analysis forecast for Nitin Spinners Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Nitin Spinners Limited NITINSPIN at this time. Stock is falling and might fall more.

It appears as if Nitin Spinners Limited NITINSPIN gave a large move recently.

Stock of Nitin Spinners Limited (NITINSPIN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Nitin Spinners Limited is bearish for shortterm, and stock might move down till 394.8 or till 371.3. Use a stoploss of 414.36 and if the stock hits stoploss, then it can shoot up till 433.91

More indepth analysis on MunafaSutra.com