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Price and trend forecast of NITINSPIN for Tomorrow, Weekly, Monthly

Nitin Spinners Limited

Symbol: NSE:NITINSPIN

ISIN: INE229H01012

388.75

As on 2025-02-07

293.00 (52W Low) 494.35 (52W High)

NITINSPIN's Today's Performance

Nitin Spinners Limited started the day by opening at 393.00 today 2025-02-07. Its shares reached a high of 396.00 and dipped to a low of 387.10 in intraday. When the markets closed, NITINSPIN’s stock price settled at ₹388.75 per share. Also check out its key support and resistance levels.

NITINSPIN Buy/Sell Targets

Tomorrow, sell NITINSPIN when its price reaches ₹ 388.75 with a stop-loss order at ₹ 393.46. You can set the target price as ₹ 384.04 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of NITINSPIN for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for NITINSPIN

Downside Targets Value in ₹
Tomorrow Down Target 1 394
Tomorrow Down Target 2 400
Tomorrow Down Target 3 403

Important Levels for NITINSPIN

Holding Levels Value in ₹
Tomorrow Up Target 1 385
Tomorrow Up Target 2 382
Tomorrow Up Target 3 376
Based on where the stock opens tomorrow, if NITINSPIN opens on a positive note, our first target will be ₹394. If Target 1 is achieved, we will aim for Target 2 which is ₹400.

But if NITINSPIN falls below the average value of ₹390.62, you can enter a sell side position with target number 1 - ₹385 and second target - ₹382 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of NITINSPIN

Looking at NITINSPIN, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, NITINSPIN has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for NITINSPIN is moderate bearish.

Tomorrow's Volume based share price Forecast for NITINSPIN

NITINSPIN's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 125%.

Reversal detection for NITINSPIN

Predicted trend chart of NITINSPIN tomorrow for price forecast
NITINSPIN may trend may continue to be bearish since stock is making lower low and we can get target of ₹396 in morning tomorrow
Target 1 tomorrow394
Target 2 tomorrow396
Target 3 tomorrow400
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with NITINSPIN's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if NITINSPIN opens on a positive note, our first target will be ₹394.13. If Target 1 is achieved, we will aim for Target 2 which is ₹399.52.

But if NITINSPIN falls below the average value of ₹390.62, you can enter a sell side position with target number 1 - ₹385.23 and second target - ₹381.72

NITINSPIN's Weekly Targets
1st Up Target 402.80
2nd Up Target 416.85
1st Down Target 380.90
2nd Down Target 373.05

As the week for NITINSPIN ended on bearish sentiments, we can expect further continuation of this sentiment. NITINSPIN's initial target will be 402.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 380.90 in the upcoming week.

Weekly OHLC Values
Open 403.00
High 409.00
Low 387.10
Close 388.75

Week for NITINSPIN started with an open price of 403.00, and the close was at 388.75. NITINSPIN reached the highest of 409.00 and dipped lowest up to 387.10 last week. This indicates a bearish sentiment for the week.

NITINSPIN full month swing targets
Monthly Up Target 1 424.70
Monthly Up Target 2 438.75
Monthly Down Target 1 359.00
Monthly Down Target 2 329.25

Targets of ₹424.70 can be expected to be reached in the coming month. Once NITINSPIN achieved this target, we can aim for the next upside target of ₹438.75.

NITINSPIN if fails to hold upside, down targets of ₹359.00 and ₹329.25 can be achieved by end of this month.

For complete three weeks if NITINSPIN is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

NITINSPIN is expected to reach the target of 394.13 in tomorrow's trading session.

After achieving the initial target in NITINSPIN, we will aim for higher targets of 399.52 tomorrow.

However, if NITINSPIN starts to trade below ₹390.62, then we will shift our focus to the sell side and aim for down targets of 385.23 and 381.72.