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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 6394

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	16734.25	16927.35	17044.65	16700.00	0.422 times
23 Tue Apr 2024	16927.35	17340.00	17340.00	16865.10	0.532 times
22 Mon Apr 2024	17045.50	16900.00	17287.10	16900.00	0.54 times
19 Fri Apr 2024	16895.55	16999.00	17000.00	16571.55	0.603 times
18 Thu Apr 2024	16763.95	17200.10	17270.05	16540.75	1.955 times
16 Tue Apr 2024	17061.00	17348.95	17549.00	16985.60	1.317 times
15 Mon Apr 2024	17233.60	16839.90	17439.90	16284.05	1.393 times
12 Fri Apr 2024	16992.85	17145.50	17145.50	16767.90	0.815 times
10 Wed Apr 2024	16909.25	16990.00	17390.00	16812.20	0.832 times
09 Tue Apr 2024	16880.00	17250.00	17451.00	16720.10	0.902 times

My analysis of stock is bullish for shortterm, and stock might move up till 17382.7 or till 18484. Use a stoploss of 16464.96 and if this stock hits its stoploss, then it can fall down till 15547.23

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	16700.00
Downside Target	16720.10
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	16509.5
Downside Intraday Target	16284.75
Upside Intraday Target	17149.5
Upside Intraday Target	17564.75
Upside Intraday Target	16924.75

Weekly technical analysis of Lakshmi Machine (LAXMIMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	16734.25	16900.00	17340.00	16700.00	0.284 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 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
24 Wed Apr 2024	16734.25	15264.75	17794.15	15151.60	0.58 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 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 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.

Price action analysis of Lakshmi Machine ( (LAXMIMACH) ) based on a short to mid 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.

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 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. Bears 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 16953.33 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.