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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 2024-03-27 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 4144

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	15124.75	14593.20	16650.00	14500.90	50.621 times
26 Tue Mar 2024	14443.20	14325.00	14680.00	14325.00	0.633 times
22 Fri Mar 2024	14468.65	14439.00	14700.00	14364.55	0.858 times
21 Thu Mar 2024	14371.20	14109.25	14441.00	14109.25	0.638 times
20 Wed Mar 2024	14047.25	13943.35	14157.70	13837.00	0.537 times
19 Tue Mar 2024	13928.45	13837.00	14000.00	13750.00	0.589 times
18 Mon Mar 2024	13906.25	13891.00	14000.00	13668.05	0.666 times
15 Fri Mar 2024	13840.25	14260.00	14260.00	13666.00	0.897 times
14 Thu Mar 2024	13990.30	13777.00	14216.00	13514.70	0.908 times
13 Wed Mar 2024	13725.50	13950.00	14165.60	13333.05	3.179 times

Stock of Lakshmi Machine (LAXMIMACH) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 15130.2, for a target of 14704.5 or 14349.7

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12722.30
Downside Target	12984.20
Downside Target	14344.40
Downside Target	14435.25
Downside Target	14700.00
Downside Target	14739.95
Downside Target	14891.10
Downside Target	14998.00
Downside Target	15000.00
Upside Target	16650.00

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	14083.17
Downside Intraday Target	13041.58
Upside Intraday Target	16408.17
Upside Intraday Target	17691.58
Upside Intraday Target	15366.58

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	15124.75	14325.00	16650.00	14325.00	15.593 times
22 Fri Mar 2024	14468.65	13891.00	14700.00	13668.05	0.506 times
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

Price has moved up 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
27 Wed Mar 2024	15124.75	14594.95	16650.00	13333.05	2.68 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 up this month, and volume has increased substantially. This means that the move can 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 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 Machine ( (LAXMIMACH) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Lakshmi Machine ( (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 Machine stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Lakshmi Machine Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

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

MRSI is in positive zone. This is a BUY zone

Stock of Lakshmi Machine is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 14953.41 and Lakshmi Machine (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 Machine (LAXMIMACH) stock. Volume based technical analysis of Lakshmi Machine (LAXMIMACH) stock is negative.

Lakshmi Machine Stock is giving positive 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.