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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 4504

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	16959.40	16905.10	17170.00	16816.00	0.736 times
02 Thu May 2024	17017.40	16889.95	17248.60	16632.05	1.671 times
30 Tue Apr 2024	16873.35	16700.00	16990.00	16530.00	0.791 times
29 Mon Apr 2024	16563.70	16663.85	16762.00	16439.80	0.75 times
26 Fri Apr 2024	16650.05	16700.00	16845.05	16550.00	0.484 times
25 Thu Apr 2024	16718.25	16870.00	16870.00	16598.00	0.553 times
24 Wed Apr 2024	16734.25	16927.35	17044.65	16700.00	0.599 times
23 Tue Apr 2024	16927.35	17340.00	17340.00	16865.10	0.755 times
22 Mon Apr 2024	17045.50	16900.00	17287.10	16900.00	0.767 times
19 Fri Apr 2024	16895.55	16999.00	17000.00	16571.55	0.855 times

My analysis of stock is bullish for shortterm, and stock might move up till 17140.8 or till 17375.1. Use a stoploss of 16945.54 and if this stock hits its stoploss, then it can fall down till 16750.31

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12984.20
Downside Target	13333.05
Downside Target	14435.25
Downside Target	15000.00
Downside Target	16284.05
Upside Target	17248.60
Upside Target	17340.00
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	16516.6
Downside Intraday Target	16073.8
Upside Intraday Target	17325.4
Upside Intraday Target	17691.4
Downside Intraday Target	16882.6

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	16959.40	16663.85	17248.60	16439.80	1.249 times
26 Fri Apr 2024	16650.05	16900.00	17340.00	16550.00	0.422 times
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

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
03 Fri May 2024	16959.40	16889.95	17248.60	16632.05	0.057 times
30 Tue Apr 2024	16873.35	15264.75	17794.15	15151.60	0.618 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

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 and the buying is gaining 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 16871.63 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.