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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 12087

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	16895.55	16999.00	17000.00	16571.55	0.319 times
18 Thu Apr 2024	16763.95	17200.10	17270.05	16540.75	1.034 times
16 Tue Apr 2024	17061.00	17348.95	17549.00	16985.60	0.696 times
15 Mon Apr 2024	17233.60	16839.90	17439.90	16284.05	0.737 times
12 Fri Apr 2024	16992.85	17145.50	17145.50	16767.90	0.431 times
10 Wed Apr 2024	16909.25	16990.00	17390.00	16812.20	0.44 times
09 Tue Apr 2024	16880.00	17250.00	17451.00	16720.10	0.477 times
08 Mon Apr 2024	17036.40	17140.00	17550.00	16929.40	0.587 times
05 Fri Apr 2024	17139.50	17200.00	17500.00	16930.10	0.711 times
04 Thu Apr 2024	17121.75	17450.00	17794.15	16939.00	1.319 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 17259.2 as stoploss in an intra day sell trade for a target of 16046.95. However, stock will show a bullish move above 17259.2.

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	17549.00
Upside Target	17550.00
Upside Target	17794.15

Intraday share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Intraday Target	16270.07
Downside Intraday Target	15644.58
Upside Intraday Target	17535.02
Upside Intraday Target	18174.48
Upside Intraday Target	16909.53

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	16895.55	16839.90	17549.00	16284.05	1.439 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 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
19 Fri Apr 2024	16895.55	15264.75	17794.15	15151.60	0.549 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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Lakshmi Machine in short term but the sell signal is initial and weak.

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. Bears 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 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

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 17017.49 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.