Nitin Spinners deals in textile industry.
My propritery indicator has also given a long signal on weekly time frames.
The stock has recently tested its long term downward trending RSI resistance.
It seems like the stock is on the verge ofchanging its doward trend to an uptred.
Stock is fundamentally strong and the crucial levels to watch is 95-100.
Any weekly closing above 95-100 would be the first sign of trend reversal.
Post making march lows, the stock has had a stellar runway and any fall should be seen with utmost importance. Price closing below 60 would negate the view.
My propritery indicator has also given a long signal on weekly time frames.
The stock has recently tested its long term downward trending RSI resistance.
It seems like the stock is on the verge ofchanging its doward trend to an uptred.
Stock is fundamentally strong and the crucial levels to watch is 95-100.
Any weekly closing above 95-100 would be the first sign of trend reversal.
Post making march lows, the stock has had a stellar runway and any fall should be seen with utmost importance. Price closing below 60 would negate the view.