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

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

Lakshmi Machine trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 3464

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	13840.25	14260.00	14260.00	13666.00	1.073 times
14 Thu Mar 2024	13990.30	13777.00	14216.00	13514.70	1.086 times
13 Wed Mar 2024	13725.50	13950.00	14165.60	13333.05	3.803 times
12 Tue Mar 2024	14038.70	14328.00	14474.95	14005.55	1.312 times
11 Mon Mar 2024	14477.10	14691.35	14739.95	14463.40	0.501 times
07 Thu Mar 2024	14691.35	14466.25	14870.00	14445.30	0.906 times
06 Wed Mar 2024	14465.75	14612.15	14612.15	14431.40	0.528 times
05 Tue Mar 2024	14568.40	14471.00	14749.00	14171.00	0.441 times
04 Mon Mar 2024	14471.00	14891.10	14891.10	14301.00	0.487 times
02 Sat Mar 2024	14671.10	14654.95	14998.00	14623.00	0.064 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 13779.9, for a target of 14169.8 or 14494.65

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12722.30
Downside Target	12984.20
Upside Target	13922.90
Upside Target	14488.80
Upside Target	14739.95
Upside Target	14891.10
Upside Target	14980.00
Upside Target	14998.00
Upside Target	15000.00

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	13202.22
Downside Intraday Target	12564.18
Upside Intraday Target	14609.12
Upside Intraday Target	15377.98
Upside Intraday Target	13971.08

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	13840.25	14691.35	14739.95	13333.05	3.29 times
07 Thu Mar 2024	14691.35	14891.10	14891.10	14171.00	0.565 times
02 Sat Mar 2024	14671.10	14772.35	14998.00	14344.40	0.969 times
23 Fri Feb 2024	14753.20	14920.60	15000.00	14488.80	0.392 times
16 Fri Feb 2024	14882.95	13847.75	14980.00	13544.40	1.295 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	13840.25	14594.95	14998.00	13333.05	0.389 times
29 Thu Feb 2024	14464.25	13788.70	15000.00	13544.40	1.018 times
31 Wed Jan 2024	13720.15	13738.75	14435.25	12984.20	1.004 times
29 Fri Dec 2023	13738.75	13290.00	13922.90	13105.00	1.021 times

Scroll below to view daily charts

Price has moved down 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 Machine (LAXMIMACH)

Price action analysis of Lakshmi Machine ( (LAXMIMACH) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Lakshmi Machine ( (LAXMIMACH) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Lakshmi Machine ( (LAXMIMACH) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Lakshmi Machine stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Lakshmi Machine in short term but the sell signal is initial and weak.

Lakshmi Machine 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Lakshmi Machine in short term but BUY 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 Machine is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14045.03 and Lakshmi Machine (LAXMIMACH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Lakshmi Machine Stock has given negative returns over a short term period. Returns for a longer term period have been positive

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