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.
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...
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...
Nitin Spinners Ltd, promoted by the Nolkha family of Bhilwara, is one of the leading manufacturers of cotton yarn, knitted fabrics, greige and finished woven fabrics and a Government of India-recognized export house. Established in 1992, NSL started operations with open end spinning with 384 rotors. Currently, the company has an integrated textile complex with...
Textile Theme!!
Huge Volumes building up.
Stock is trading at all time high.
Will it reach to channel top??
Let me know your views!!
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
