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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 4915

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 16129.20 16033.00 16200.00 15775.00 0.749 times
13 Thu Jun 2024 15931.20 15890.95 16043.80 15704.90 1.02 times
12 Wed Jun 2024 15775.30 15934.60 15966.00 15760.05 0.864 times
11 Tue Jun 2024 15855.30 15970.00 15970.00 15802.50 0.186 times
10 Mon Jun 2024 15846.40 15980.00 16045.00 15782.40 0.412 times

My analysis of stock is bearish for shortterm, and stock might move down till 15575.5 or till 14892. Use a stoploss of 16145.03 and if the stock hits stoploss, then it can shoot up till 16714.59

Share price targets for Lakshmi Machines (LAXMIMACH)

Target Type Value
Downside Target 13333.05
Downside Target 14568.80
Downside Target 15000.00
Downside Target 15459.80
Upside Target 16200.00
Upside Target 16500.10
Upside Target 16650.00
Upside Target 16994.00
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 15822.73
Downside Intraday Target 15516.27
Upside Intraday Target 16317.83
Upside Intraday Target 16506.47
Downside Intraday Target 16011.37

Weekly technical analysis of Lakshmi Machines (LAXMIMACH)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 16129.20 15980.00 16200.00 15704.90 0.477 times
07 Fri Jun 2024 15838.85 16150.00 16300.00 14568.80 0.829 times
31 Fri May 2024 15943.85 16758.00 16994.00 15459.80 2.115 times
24 Fri May 2024 16557.50 17249.40 17550.00 16500.10 0.843 times
17 Fri May 2024 17209.60 16420.00 17460.00 16201.00 1.144 times

Price has moved up 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
14 Fri Jun 2024 16129.20 16150.00 16300.00 14568.80 0.438 times
31 Fri May 2024 15943.85 16889.95 17550.00 15459.80 0.592 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

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 13, 24, 31 Sell
MACD -178, -190Buy
Stochastics 80Buy
CCI 77Buy
RSI 47Sell
OBV -9371Sell
VWAP 15706Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Lakshmi Machines ( (LAXMIMACH) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Lakshmi Machines Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Lakshmi Machines in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 15706.06 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 falling down

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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