Nitin Spinners can spin profitNitin 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.
Nitin Spinners Ltd. CMP is 409.95. The positive aspects of the company are Attractive Valuation (P.E. = 14.9), Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and Increasing profits every quarter. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Inefficient use of shareholder funds and Poor cash generated from core business.
Entry can be taken after closing above 412 Targets in the stock will be 431 and 449. The long-term target in the stock will be 462 and 475. Stop loss in the stock should be maintained at Closing below 385 or 375 depending on your risk taking ability.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NITINSPIN trade ideas
NITIN SPINNINER DAILY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.....
Tradelikemee Academy
Sanjay K G
Swing trade idea for Monday in Nitin Spinners x
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Nitin Spinner Massive Breakout ATH with High VolumeHello friends in this weekend i'm sharing couple of breakout stocks 2nd one is Nitin Spinners this stock giving a breakout of its all time high with Massive volume and the target is 450 to 500 and holding period 1 week to 1 month. you can check the first stock in my profile.
Nitin Spinners Ltd *Nitin Spinners Ltd*
P&F Formation on Yearly Basis.
RB Formation on Monthly Basis.
Strong Vol Consolidation & Continued Heavy BuiltUp.
RSI: 1H>D>W>M
Resistance @325. Once Crosses & Sustains.
Then Good to Go!!!
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Nitin Spinners Ltd*Nitin Spinners Ltd*
P&F Formation on Yearly Basis.
RB Formation on Monthly Basis.
Strong Vol Consolidation & Continued Heavy BuiltUp.
RSI: 1H>D>W>M
Resistance @325. Once Crosses & Sustains.
Then Good to Go!!!
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Nitin Spinners evolving as a long term story.Take Fresh Entry above 278 closing in Nitin Spinners. The targets will be 294 and 306 for now. Keep a trailing stop loss at closing below 230.
MFs are increasing holding in the stock. FII are increasing hold in the stock dramatically. EPS of the company increasing. Zero Promoter Pledge. PE is 5.3 so the valuations are excellent. Only negative is cost on projects that are under execution is increasing.
Looks like a Good Strong Long Term Story Which Is Evolving.
Nitin Spinners 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.