Textile sector can rally a little and NITINSPINNER is on radar since it reversed and made a CUP & HANDLE pattern. Expecting double return.
NOTE: I'm not a SEBI REG. Study before investing.
Nitin spinners was in a range from 2022 !
Now its getting ready for breakout
Good volumes
Wait for confirmation - till weekly candle close
Plan your trade
NSE:NITINSPIN
✅ #NITINSPIN trading above Resistance of 338
✅ Next Resistance is at 434
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
NSE:NITINSPIN
✅ #NITINSPIN trading above Resistance of 277
✅ Next Resistance is at 338
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Stock Name - Nitin Spinners Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 250
#This is not Buy and Sell recommendation to any one. This is for...
