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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 2024-04-22 View latest technical analysis

10 day averaged volume of Lakshmi Machine is 8162

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	17045.50	16900.00	17287.10	16900.00	0.423 times
19 Fri Apr 2024	16895.55	16999.00	17000.00	16571.55	0.472 times
18 Thu Apr 2024	16763.95	17200.10	17270.05	16540.75	1.531 times
16 Tue Apr 2024	17061.00	17348.95	17549.00	16985.60	1.031 times
15 Mon Apr 2024	17233.60	16839.90	17439.90	16284.05	1.091 times
12 Fri Apr 2024	16992.85	17145.50	17145.50	16767.90	0.639 times
10 Wed Apr 2024	16909.25	16990.00	17390.00	16812.20	0.652 times
09 Tue Apr 2024	16880.00	17250.00	17451.00	16720.10	0.707 times
08 Mon Apr 2024	17036.40	17140.00	17550.00	16929.40	0.87 times
05 Fri Apr 2024	17139.50	17200.00	17500.00	16930.10	1.054 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 17330 as stoploss in an intra day sell trade for a target of 16202.81. However, stock will show a bullish move above 17330.

Share price targets for Lakshmi Machine (LAXMIMACH)

Target Type	Value
Downside Target	12984.20
Downside Target	13922.90
Downside Target	14325.00
Downside Target	15000.00
Downside Target	16284.05
Downside Target	16650.00
Downside Target	16720.10
Downside Target	16900.00
Upside Target	17287.10
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	16867.97
Downside Intraday Target	16690.43
Upside Intraday Target	17255.07
Upside Intraday Target	17464.63
Upside Intraday Target	17077.53

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	17045.50	16900.00	17287.10	16900.00	0.103 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
28 Thu Mar 2024	15192.30	14325.00	16650.00	14325.00	18.688 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
22 Mon Apr 2024	17045.50	15264.75	17794.15	15151.60	0.56 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 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 Lakshmi Machine ( (LAXMIMACH) ) based on a short 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 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 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 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

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 16994.85 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 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.