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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 2024-04-02 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 29009

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	16365.10	15664.50	16558.40	15600.00	0.874 times
01 Mon Apr 2024	15576.65	15264.75	15799.00	15151.60	0.627 times
28 Thu Mar 2024	15192.30	15124.00	15570.00	14733.15	1.453 times
27 Wed Mar 2024	15124.75	14593.20	16650.00	14500.90	7.231 times
26 Tue Mar 2024	14443.20	14325.00	14680.00	14325.00	0.09 times
22 Fri Mar 2024	14468.65	14439.00	14700.00	14364.55	0.123 times
21 Thu Mar 2024	14371.20	14109.25	14441.00	14109.25	0.091 times
20 Wed Mar 2024	14047.25	13943.35	14157.70	13837.00	0.077 times
19 Tue Mar 2024	13928.45	13837.00	14000.00	13750.00	0.084 times
18 Mon Mar 2024	13906.25	13891.00	14000.00	13668.05	0.095 times

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 15908.4, for a target of 15150.1 or 14518.16

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12984.20
Downside Target	14739.95
Downside Target	14891.10
Downside Target	15000.00
Downside Target	15151.60
Upside Target	16558.40
Upside Target	16650.00

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	15491.67
Downside Intraday Target	14618.23
Upside Intraday Target	16898.47
Upside Intraday Target	17431.83
Downside Intraday Target	16025.03

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	16365.10	15264.75	16558.40	15151.60	0.171 times
28 Thu Mar 2024	15192.30	14325.00	16650.00	14325.00	18.688 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

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 Machine (LAXMIMACH)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	16365.10	15264.75	16558.40	15151.60	0.142 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
31 Wed Jan 2024	13720.15	13738.75	14435.25	12984.20	1.004 times

Scroll below to view daily charts

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 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 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 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 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 stronger in this stock.

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 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 15213.69 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.