NITINSPIN trade ideas
Trendline BreakoutDON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in NITINSPIN
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: NITINSPIN for more than 5%
Nitin Spinners, will it enjoy the fruits of its CAPEXNitin Spinners underwent a big capex (for its size) in 2018 -20 after doing a QIP and prefential issue of equity shares at 110-120 a piece in November 2017... Its yet to be rerated fully and can give incremental gains going forward.. Buy with a SL of 185 for target of 400 and more..patience is the key in this one... Earnings have increased exponentially in line with its illustrious peers like VTL but PE remains at a discount
Breakout & RetestBuy according to your risk reward, retesting the support area. Support at 295.
Happy Trading...
NitinSpinner - bullish biasdouble bottom formation
Good momentum on Weekly and Monthly charts
All time high breakout with good momentum
RSI, ADX and MCAD supporting good momentum on daily charts
Nitin Spin BullishStock seems Bullish for short term
strong weekly closing indicates bullish may continue further
Nitin Spinners-Cup and Handle BreakoutNitin Spinners has given a cup and handle breakout. RS is positive. This looks good for 30%+.
Chart Analysis of NitinSpin (8 Jan 2022)Breakout done and made ATH
Made breakout on 3rd attempt.
Target : 350,400
SL : 290 WCB
Only for educational purpose. Not a recommendation.
Nitin Spinners Educational Idea-N
Nitin Spinners looking good for given target with sl
these idea only for educational purpose
Poised for breakout - EMA Support, MACD, RSI and ADX all favorabWith continuing support in midcaps, expecting 274, 291 levels in 3 to 5 trading sessions
Positive Bullish Divergence in NitinspinPositive Bullish Divergence in Nitinspin
Detailed analysis given on the chart
NSE:NITINSPIN
NITIN SPINNERS - WEEKLYTextile 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.
Breakout alertNITIN SPINNERS broke out to an all time high couple of days back and Today is seeing follow through buying on fairly large volumes. Can buy with a stop loss of 8%. Fundamentally also strong with improving return ratios
Nitin Spinner: Googly ya Top spin :)Previous trend: Bearish (114 to 30)
Present trend: Bullish (price has broke Downward trendline at 58)
Support: 77 and 58
Resistance: 130 and 157
Pattern: Rounding Bottom breakout above 30 and retesting 30
Volume: highest volume of 6.92 mn on the beginning of May 2021. Last highest monthly volume was in the month Feb 2017 (8.9 mn)
Price invalidation level/stoploss:77 on Monthly Closing Basis.
Disclaimer: Only for educational purpose. Do trade as per your risk management.
nitin spinners athNitin spinners gave closing at all time high resistance wait for it to break this level
NITIN SPINNERS - MEDIUM TERM TARGET - 130-145GOOD FUNDAMENTALS
CLOSING ABOVE 114 LEVELS
GOOD UPWARD MOMENTUM
Make an eye of Nitin Spinners - on verge of a breakoutMake an eye of Nitin Spinners - on verge of a breakout.....................................
Weekly Big break out in Nitin Spinners Nitin Spinner Ltd weekly chart. The stock gave highest close after Feb 2018 and 8 times the avg volumes were registered last week, which was highest after 2015. As textile stocks are talk of the town and many stocks like Ambica, Welspun etc have given BOs, Nitin Spinners which is among the largest manufacture of cotton yarn in India must be on radar.
