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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.

10 day averaged volume of Lakshmi Machine is 8178

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 11703.30 11635.00 11907.00 11575.00 1.785 times
16 Tue Aug 2022 11553.05 11300.00 11650.00 11300.00 1.502 times
12 Fri Aug 2022 11279.25 10985.00 11370.00 10710.00 1.855 times
11 Thu Aug 2022 10984.40 10670.00 11000.00 10500.00 1.542 times
10 Wed Aug 2022 10562.45 10480.00 10670.00 10480.00 0.696 times
08 Mon Aug 2022 10550.35 10525.00 10671.85 10326.25 0.568 times
05 Fri Aug 2022 10596.25 10198.00 10639.00 10178.05 0.866 times
04 Thu Aug 2022 10207.10 10617.00 10690.00 9999.95 1.074 times
03 Wed Aug 2022 10617.00 10675.00 10675.00 10501.05 0.422 times
02 Tue Aug 2022 10593.55 10719.00 10727.35 10529.95 0.453 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 11633.8, for a target of 11036.3 or 10538.44

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type Value
Downside Target 8200.00
Downside Target 8876.00
Downside Target 9350.20
Downside Target 9862.25
Downside Target 10370.00
Downside Target 10503.00
Downside Target 10785.00
Downside Target 11300.00
Downside Target 11370.00
Upside Target 11907.00

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type Value
Downside Intraday Target 11366.53
Downside Intraday Target 11029.77
Upside Intraday Target 11973.53
Upside Intraday Target 12243.77
Downside Intraday Target 11636.77

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 11703.30 11300.00 11907.00 11300.00 0.705 times
12 Fri Aug 2022 11279.25 10525.00 11370.00 10326.25 1.215 times
05 Fri Aug 2022 10596.25 10500.10 10785.00 9999.95 0.691 times
30 Sat Jul 2022 10458.20 10050.00 10503.00 10050.00 1.984 times
22 Fri Jul 2022 10023.75 9977.70 10150.00 9862.25 1.229 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
17 Wed Aug 2022 11703.30 10500.10 11907.00 9999.95 0.993 times
30 Sat Jul 2022 10458.20 9050.00 10503.00 8876.00 1.441 times
30 Thu Jun 2022 8981.85 9330.00 9448.05 8227.00 0.387 times
31 Tue May 2022 9349.55 9340.00 9468.75 8200.00 1.571 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)

Indicator Name Indicator Value Indicator Signal
ADX 41, 8, 67 Buy
MACD 856, 710Buy
Stochastics 92Buy
CCI 160Buy
RSI 58Buy
OBV 107192Sell
VWAP 11044Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

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 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 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 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 11044 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.

Click here for Lakshmi Machine charts

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Daily charts

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Daily chart

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