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(LAXMIMACH) Lakshmi Machines complete technical analysis [charts+indicators] | Buy/Sell Lakshmi Machines | (LAXMIMACH) share price targets

Complete technical analysis of Lakshmi Machines (LAXMIMACH) by charts plus indicators, forecast predictions and share price targets for Lakshmi Machines (LAXMIMACH)

10 day averaged volume of Lakshmi Machines is 3858

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 17022.60 17010.00 17177.25 17002.00 0.521 times
22 Wed May 2024 17069.20 17309.45 17550.00 17001.00 1.363 times
21 Tue May 2024 17257.70 17190.00 17374.90 17034.00 1.134 times
20 Mon May 2024 17121.90 17249.40 17424.90 17001.00 0.105 times
17 Fri May 2024 17209.60 16750.75 17460.00 16681.35 2.064 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 17043.1 as stoploss in an intra day sell trade for a target of 16757.87. However, stock will show a bullish move above 17043.1.

Share price targets for Lakshmi Machines (LAXMIMACH)

Target Type Value
Downside Target 12984.20
Downside Target 13333.05
Downside Target 14435.25
Downside Target 15000.00
Downside Target 16200.00
Downside Target 17001.00
Upside Target 17063.45
Upside Target 17248.60
Upside Target 17340.00
Upside Target 17460.00
Upside Target 17550.00
Upside Target 17794.15

Intraday share price targets for Lakshmi Machines (LAXMIMACH)

Target Type Value
Downside Intraday Target 16832.4
Downside Intraday Target 16642.2
Upside Intraday Target 17381.4
Upside Intraday Target 17740.2
Upside Intraday Target 17191.2

Weekly technical analysis of Lakshmi Machines (LAXMIMACH)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 17022.60 17249.40 17550.00 17001.00 0.536 times
17 Fri May 2024 17209.60 16420.00 17460.00 16201.00 1.144 times
10 Fri May 2024 16328.60 16959.40 17063.45 16200.00 1.107 times
03 Fri May 2024 16959.40 16663.85 17248.60 16439.80 1.249 times
26 Fri Apr 2024 16650.05 16900.00 17340.00 16550.00 0.422 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Lakshmi Machines (LAXMIMACH)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 17022.60 16889.95 17550.00 16200.00 0.343 times
30 Tue Apr 2024 16873.35 15264.75 17794.15 15151.60 0.618 times
28 Thu Mar 2024 15192.30 14594.95 16650.00 13333.05 3.108 times
29 Thu Feb 2024 14464.25 13788.70 15000.00 13544.40 1.018 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Lakshmi Machines (LAXMIMACH)

Indicator Name Indicator Value Indicator Signal
ADX 26, 9, 48 Buy
MACD 523, 509Buy
Stochastics 70None
CCI 49Sell
RSI 63Buy
OBV -10177Sell
VWAP 16803Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Lakshmi Machines stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Lakshmi Machines in short term and the buy signal is strong.

Lakshmi Machines Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Lakshmi Machines in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Lakshmi Machines is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16803.33 and Lakshmi Machines (LAXMIMACH) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Lakshmi Machines (LAXMIMACH) stock. Volume based technical analysis of Lakshmi Machines (LAXMIMACH) stock is negative.

Lakshmi Machines Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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