ENTRY: 213 TARGET 1: 239 TARGET 2: 267 SL: 203 PRO - Breaking Demand zone (Weekly) with Good Volume. - Breaking First Pivot Level. - RSI above 50. - Sellers are weak. - Breaking daily trendlines. CONS: - No Higher highs. - Still in a downtrend.
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...
its a big breakout buy @ 268 stop loss 257 target 291
DON'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...
Nitin 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...
Buy according to your risk reward, retesting the support area. Support at 295. Happy Trading...
double 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
Stock seems Bullish for short term strong weekly closing indicates bullish may continue further
Nitin Spinners has given a cup and handle breakout. RS is positive. This looks good for 30%+.
Breakout done and made ATH Made breakout on 3rd attempt. Target : 350,400 SL : 290 WCB Only for educational purpose. Not a recommendation.
Educational Idea-N Nitin Spinners looking good for given target with sl these idea only for educational purpose
With continuing support in midcaps, expecting 274, 291 levels in 3 to 5 trading sessions
Positive Bullish Divergence in Nitinspin Detailed analysis given on the chart NSE:NITINSPIN
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.
Breakout + Retest Done + Rising Wedge Breakout
NITIN 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
NSE:NITINSPIN