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(LOKESHMACH) Lokesh Machines complete technical analysis [charts+indicators] | Buy/Sell Lokesh Machines | (LOKESHMACH) share price targets

Complete technical analysis of Lokesh Machines (LOKESHMACH) by charts plus indicators, forecast predictions and share price targets for Lokesh Machines (LOKESHMACH)

Lokesh Machines trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Lokesh Machines is 72912

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	330.40	331.00	334.90	321.55	0.121 times
01 Fri Mar 2024	330.25	341.95	341.95	325.00	0.949 times
29 Thu Feb 2024	329.20	333.00	341.95	319.75	0.944 times
28 Wed Feb 2024	338.90	347.00	350.95	335.00	0.703 times
27 Tue Feb 2024	349.95	358.90	364.50	345.25	0.559 times
26 Mon Feb 2024	356.75	354.00	370.05	345.80	1.301 times
23 Fri Feb 2024	347.30	342.70	358.25	335.10	1.601 times
22 Thu Feb 2024	333.85	353.20	353.20	330.15	2.735 times
21 Wed Feb 2024	349.20	358.40	361.40	347.10	0.328 times
20 Tue Feb 2024	358.10	358.50	359.00	352.40	0.366 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 338.7, but if it comes above 338.7, then a intra day buy could be more profitable.
If you take a sell trade below 338.7, then use 338.7 as stoploss and 319.4 as target. However if you take a buy trade in stock , then use 338.7 as stoploss and 354.89 as target.

Share price targets for Lokesh Machines (LOKESHMACH)

Target Type	Value
Downside Target	245.85
Downside Target	281.55
Downside Target	315.00
Downside Target	330.15
Upside Target	337.50
Upside Target	362.65
Upside Target	370.05
Upside Target	372.95
Upside Target	391.50
Upside Target	394.45
Upside Target	394.95
Upside Target	413.40

Intraday share price targets for Lokesh Machines (LOKESHMACH)

Target Type	Value
Downside Intraday Target	310.08
Downside Intraday Target	289.77
Upside Intraday Target	360.38
Upside Intraday Target	390.37
Upside Intraday Target	340.07

Weekly technical analysis of Lokesh Machines (LOKESHMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	330.40	354.00	370.05	319.75	0.826 times
23 Fri Feb 2024	347.30	350.05	362.65	330.15	0.83 times
16 Fri Feb 2024	353.25	388.95	394.95	337.50	1.005 times
09 Fri Feb 2024	380.25	371.00	394.45	364.65	1.446 times
02 Fri Feb 2024	368.75	357.00	372.95	340.00	1.785 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 Lokesh Machines (LOKESHMACH)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	330.40	341.95	341.95	321.55	0.044 times
29 Thu Feb 2024	329.20	361.00	394.95	319.75	0.995 times
31 Wed Jan 2024	352.25	365.00	413.40	340.00	0.506 times
29 Fri Dec 2023	364.35	298.20	391.50	281.55	1.351 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 Lokesh Machines (LOKESHMACH)

Price action analysis of Lokesh Machines ( (LOKESHMACH) ) 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 Lokesh Machines ( (LOKESHMACH) ) based on a short to mid 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 Lokesh Machines ( (LOKESHMACH) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Lokesh Machines stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Lokesh Machines in short term and the sell signal is strong.

Lokesh Machines Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Lokesh Machines in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Lokesh Machines is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 341.09 and Lokesh Machines (LOKESHMACH) 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 Lokesh Machines (LOKESHMACH) stock. Volume based technical analysis of Lokesh Machines (LOKESHMACH) stock is negative.

Lokesh Machines Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.