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.
Nitinspiners
Best Long term Investment - Nitin SpinnersNitin 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.