NITINSPIN NSE is bullish if 275 holds. Near LifeTime High. Positive Trend. Fresh Breakout. **** Educational Purpose Only. Not Buy/Sell Rcommendation.
Taken support from trend line of Aug 2015 on 15 November and bounced back, anytime if falls more 252 gonna be its first support following by trendline from Aug 2015, current P.E. < Ind P.E, given 422.81% return in last 1 year, FII increased its stake in recent quarter, above ema20, all indicates a good buy option once market is positive.
There is a niche concept of consolidation and breakout going on at the moment, making the strengh stronger than ever. Definite buy for a medium term holding. Keep SL as the last upper channel of last breakout.
Investment call Nitin spinners target 150 on safe side keep stop loss of 80. Long accumulation going to break soon and will see price level of 120.
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...
Nitin Spinners CMP - 57.95 Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Buy range 57 - 58 / Stop Loss - 54 Target 1 - 59 Target 2 - 60 Target 3 - 62 / 63 Disclaimer: This is my view and for educational purpose only.
Nitin Spinner CMP - 40.70 Buy @ 40 - 42 / SL - 36.25 Target 1 - 45 Target 2 - 47.50 Target 3 - 50 Note: This is my view and for educational purpose only.
Nitin Spinners may come down to 60 levels if it retraces 61.8% of 5 waves it did up.