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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 2024-09-25 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 4907

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	16482.80	16600.00	16620.00	16250.00	0.58 times
24 Tue Sep 2024	16453.15	16431.50	16500.00	16236.05	0.521 times
23 Mon Sep 2024	16431.50	15602.00	16500.00	15602.00	1.742 times
20 Fri Sep 2024	15600.90	15975.00	16004.55	15555.00	0.965 times
19 Thu Sep 2024	15860.75	16102.00	16219.25	15630.30	0.806 times
18 Wed Sep 2024	16101.70	16216.25	16315.20	16000.00	0.418 times
17 Tue Sep 2024	16255.20	16274.30	16489.95	16080.45	0.979 times
16 Mon Sep 2024	16204.20	16373.00	16374.60	16067.00	0.347 times
13 Fri Sep 2024	16374.60	16250.20	16454.10	16250.20	0.422 times
12 Thu Sep 2024	16260.25	16630.00	16630.00	16166.40	0.881 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16459.8, but if it comes below 16459.8, then a intra day sell could be more profitable.
If you take a sell trade below 16459.8, then use 16459.8 as stoploss and 15965.95 as target. However if you take a buy trade in stock , then use 16459.8 as stoploss and 17052.5 as target.

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	14325.00
Downside Target	14965.00
Downside Target	15287.00
Upside Target	16489.95
Upside Target	16500.00
Upside Target	16620.00
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	15849.87
Downside Intraday Target	15216.93
Upside Intraday Target	16867.87
Upside Intraday Target	17252.93
Downside Intraday Target	16234.93

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	16482.80	15602.00	16620.00	15602.00	0.809 times
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

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
25 Wed Sep 2024	16482.80	14990.00	16999.90	14965.00	1.225 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 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 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 neutral. A longer time frame might give a better analysis.

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 but buying is losing 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 16198.57 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 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 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.