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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 2024-09-11 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 8888

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	16464.40	16305.00	16999.90	16211.60	1.611 times
10 Tue Sep 2024	16158.50	15925.20	16380.00	15924.65	0.856 times
09 Mon Sep 2024	15877.60	16227.55	16259.65	15721.25	0.627 times
06 Fri Sep 2024	16124.25	16074.65	16500.00	16050.00	0.95 times
05 Thu Sep 2024	15994.45	16300.00	16428.25	15890.00	1.086 times
04 Wed Sep 2024	16239.90	15300.00	16400.00	15300.00	3.502 times
03 Tue Sep 2024	15312.50	15598.45	15598.45	15265.00	0.641 times
02 Mon Sep 2024	15388.20	14990.00	15435.00	14965.00	0.638 times
30 Fri Aug 2024	14990.00	14745.00	15218.95	14639.50	0.574 times
29 Thu Aug 2024	14744.15	14961.00	15026.15	14679.05	0.604 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 16583, for a target of 15982.7 or 15482.48

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	14325.00
Downside Target	15715.00
Downside Target	15721.25
Upside Target	16500.00
Upside Target	16999.90
Upside Target	17351.00
Upside Target	17550.00
Upside Target	17699.80

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	15790.47
Downside Intraday Target	15116.53
Upside Intraday Target	17069.12
Upside Intraday Target	17673.83
Downside Intraday Target	16395.18

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	16464.40	16227.55	16999.90	15721.25	0.454 times
06 Fri Sep 2024	16124.25	14990.00	16500.00	14965.00	2.703 times
30 Fri Aug 2024	14990.00	15453.70	15540.00	14639.50	1.269 times
23 Fri Aug 2024	15422.95	15145.00	15715.00	14931.15	1.296 times
16 Fri Aug 2024	15012.50	14970.00	15100.00	14444.05	0.405 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
11 Wed Sep 2024	16464.40	14990.00	16999.90	14965.00	0.859 times
30 Fri Aug 2024	14990.00	15460.00	15715.00	14325.00	0.949 times
31 Wed Jul 2024	15634.15	17002.15	17351.00	15287.00	0.984 times
28 Fri Jun 2024	17022.00	16150.00	17699.80	14568.80	0.98 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 neutral. A longer time frame might give a better analysis.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 negative zone. This is the SELL 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 15962.99 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.