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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 2024-09-20 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 5486

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	15600.90	15975.00	16004.55	15555.00	0.863 times
19 Thu Sep 2024	15860.75	16102.00	16219.25	15630.30	0.721 times
18 Wed Sep 2024	16101.70	16216.25	16315.20	16000.00	0.374 times
17 Tue Sep 2024	16255.20	16274.30	16489.95	16080.45	0.876 times
16 Mon Sep 2024	16204.20	16373.00	16374.60	16067.00	0.311 times
13 Fri Sep 2024	16374.60	16250.20	16454.10	16250.20	0.378 times
12 Thu Sep 2024	16260.25	16630.00	16630.00	16166.40	0.788 times
11 Wed Sep 2024	16464.40	16305.00	16999.90	16211.60	2.61 times
10 Tue Sep 2024	16158.50	15925.20	16380.00	15924.65	1.387 times
09 Mon Sep 2024	15877.60	16227.55	16259.65	15721.25	1.016 times

My analysis of stock is bearish for shortterm, and stock might move down till 15257.2 or till 14635.5. Use a stoploss of 15775.24 and if the stock hits stoploss, then it can shoot up till 16293.29

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	14325.00
Downside Target	15287.00
Upside Target	15715.00
Upside Target	15721.25
Upside Target	16489.95
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	15273.95
Downside Intraday Target	14947
Upside Intraday Target	16208.9
Upside Intraday Target	16816.9
Upside Intraday Target	15881.95

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	15600.90	16373.00	16489.95	15555.00	0.509 times
13 Fri Sep 2024	16374.60	16227.55	16999.90	15721.25	0.56 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

Price has moved down 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
20 Fri Sep 2024	15600.90	14990.00	16999.90	14965.00	1.089 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 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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal for Lakshmi Machine in short term and SELL 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

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 16164.57 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.