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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 2024-04-15 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 17675

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	17233.60	16839.90	17439.90	16284.05	0.504 times
12 Fri Apr 2024	16992.85	17145.50	17145.50	16767.90	0.295 times
10 Wed Apr 2024	16909.25	16990.00	17390.00	16812.20	0.301 times
09 Tue Apr 2024	16880.00	17250.00	17451.00	16720.10	0.326 times
08 Mon Apr 2024	17036.40	17140.00	17550.00	16929.40	0.402 times
05 Fri Apr 2024	17139.50	17200.00	17500.00	16930.10	0.487 times
04 Thu Apr 2024	17121.75	17450.00	17794.15	16939.00	0.902 times
03 Wed Apr 2024	17387.65	16340.05	17600.05	16207.10	2.439 times
02 Tue Apr 2024	16365.10	15664.50	16558.40	15600.00	1.434 times
01 Mon Apr 2024	15576.65	15264.75	15799.00	15151.60	1.03 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16953.8, but if it comes below 16953.8, then a intra day sell could be more profitable.
If you take a sell trade below 16953.8, then use 16953.8 as stoploss and 15597.77 as target. However if you take a buy trade in stock , then use 16953.8 as stoploss and 18580.9 as target.

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12984.20
Downside Target	14325.00
Downside Target	15000.00
Downside Target	16284.05
Downside Target	16650.00
Downside Target	16720.10
Upside Target	17439.90
Upside Target	17550.00
Upside Target	17794.15

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	16531.8
Downside Intraday Target	15830
Upside Intraday Target	17687.65
Upside Intraday Target	18141.7
Downside Intraday Target	16985.85

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	17233.60	16839.90	17439.90	16284.05	0.381 times
12 Fri Apr 2024	16992.85	17140.00	17550.00	16720.10	0.21 times
05 Fri Apr 2024	17139.50	15264.75	17794.15	15151.60	0.437 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

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
15 Mon Apr 2024	17233.60	15264.75	17794.15	15151.60	0.468 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 16853.49 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.