Buy Call For NITINSPINsymbol NITINSPIN
company nitin spinners limited
type long term & swing trade
price 388
date of entry 06-02-2024
risk market slowdown
23.30INR
1.65 BINR
23.85 BINR
23.74 M
About NITIN SPINNERS LTD
Sector
Industry
Headquarters
Bhilwara
Website
Employees (FY)
5.34 K
Founded
1992
ISIN
INE229H01012
FIGI
BBG000BZVTP4
Nitin Spinners Ltd. engages in the manufacture of cotton yarn and knitted fabric. Its products include apparels and garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denim, industrial textiles, medical textiles and socks. It operates under the Within India and Outside India geographical segments. The company was founded by Dinesh Nolkha on October 15, 1992 and is headquartered in Bhilwara, India.
NITINSPIN - BUY ACTIVEMAHLIFE - Nitin Spinners Limited
NITINSPIN - BUY ACTIVE
Chart Insights : Weekly Chart
We can see stock formed the cup & handle pattern and retest also completed. Expecting Good move upside, find support lines in chart
NITINSPINTextile 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.
NITINSPIN - SWING TRADE - 23rd November #stocksNITINSPIN (1D TF)
Swing Trade Analysis given on 23rd November, 2023 (Thursday)
Pattern: ASCENDING TRIANGLE BREAKOUT
- Volume Spike Near Neckline - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #priceaction
PricaAction in NitinSpinning1) Stock made Higher High,
2) Retracement is over
3) Priceaction is done
4) Entry above the Pin Bar
50 Stop loss and target in charts
Nitinspin, cmp 362.51. Cup and Handle breakout
2. Breakout with Volume.
3. Retest level 345
4. Do your research
NITINSPINNERSA proper risk reward observed on charts
NitinSpinners
Target- 320,334
SL-286
This chart is only for educational purpose
Nitin Spinners - breakout ?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
NITINSPIN - Long Setup, Move is ON..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
BREAKOUT, NITIN SPINNERS, 56% RETURNSBUY - NITIN SPINNERS LTD
CMP - Rs. 316
Target - 1: Rs. 401
Target - 2: Rs. 491
.
Timeframe - 3 months - 8 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Frequently Asked Questions
The current price of NITINSPIN is 342.10 INR — it has decreased by 0.60% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange NITIN SPINNERS LTD stocks are traded under the ticker NITINSPIN.
NITIN SPINNERS LTD is going to release the next earnings report on May 9, 2024. Keep track of upcoming events with our Earnings Calendar.
NITINSPIN stock is 3.10% volatile and has beta coefficient of −0.04. Check out the list of the most volatile stocks — is NITIN SPINNERS LTD there?
One year price forecast for NITIN SPINNERS LTD has a max estimate of 514.00 INR and a min estimate of 430.00 INR.
Yes, you can track NITIN SPINNERS LTD financials in yearly and quarterly reports right on TradingView.
NITINSPIN stock has fallen by 4.92% compared to the previous week, the month change is a 2.83% rise, over the last year NITIN SPINNERS LTD has showed a 37.92% increase.
NITINSPIN net income for the last quarter is 317.47 M INR, while the quarter before that showed 316.99 M INR of net income which accounts for 0.15% change. Track more NITIN SPINNERS LTD financial stats to get the full picture.
Today NITIN SPINNERS LTD has the market capitalization of 19.38 B, it has increased by 5.03% over the last week.
Yes, NITINSPIN dividends are paid annually. The last dividend per share was 2.50 INR. As of today, Dividend Yield (TTM)% is 0.73%. Tracking NITIN SPINNERS LTD dividends might help you take more informed decisions.
NITIN SPINNERS LTD dividend yield was 1.11% in 2022, and payout ratio reached 8.53%. The year before the numbers were 1.76% and 6.90% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, NITINSPIN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NITIN SPINNERS LTD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 5.34 K employees. See our rating of the largest employees — is NITIN SPINNERS LTD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NITIN SPINNERS LTD technincal analysis shows the sell today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NITIN SPINNERS LTD stock shows the buy signal. See more of NITIN SPINNERS LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on NITIN SPINNERS LTD future price: according to them, NITINSPIN price has a max estimate of 514.00 INR and a min estimate of 430.00 INR. Read a more detailed NITIN SPINNERS LTD forecast: see what analysts think of NITIN SPINNERS LTD and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NITIN SPINNERS LTD EBITDA is 3.32 B INR, and current EBITDA margin is 11.75%. See more stats in NITIN SPINNERS LTD financial statements.