Buy Nitin Spinners with Targets of 105, 120, 135+Break out of previous 52 weeks high. strong momentum with good volume. It can be a good trade for next few weeks on positional basis with the SL of 50 DMA
NITINSPIN trade ideas
NITIN SPINNERS LTD 1D NSE LONG01) Bullish Crab Pattern (Harmonic Pattern)
02) Bullish Engulfing Candle Pattern (13-03-2020)
03) RSI showing Oversold
04) RSI showing bullish divergence on Daily chart
05) Stock bounced from Demand zone / Long term support
06) Stock bounced from channel bottom
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07) Entry - CMP - 33
08) 1st Target - 46-48
09) 2nd Target - 58-60
10) SL - 25
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11) Please check below point -
The Commercial Production on Finished Fabric Division at Bhanwaria Kalan, Tehsil - Begun, Dist. - Chittorgarh, Rajasthan
has commenced w.e.f. 01.01.2O2O, with this all the activities of expansion project related to lntegrated Textile
Unit has been completed.
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
NITIN SPINNERS ACCUMULATE AS AN INVESTMENT ACCUMULATE AT 27-40
(SL 3)
TARGET 227-272++ (ALL TARGETS POSITIONAL)
FOR INVESTMENT
NITINSPIN can spin Volume is building up stock is ready to spin need to break LOC of white line swing trader's can keep an eye if it breaks PDL intraday player's can enter for 2-3% gain. Level's mentioned in chart.
Nitin Spinner :Minor break out after making higher low structureNitin Spinner : Minor break out after making higher low structure.
Major break out above 122.
Nitin spinners breakout Broken out on the upside, can test 90. I am novice still learning, views welcome
