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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 2024-01-17 View latest technical analysis

10 day averaged volume of Lokesh Machines is 115196

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	353.10	355.05	363.55	351.00	0.436 times
16 Tue Jan 2024	359.40	372.40	375.95	346.60	0.926 times
15 Mon Jan 2024	372.40	375.50	380.60	363.30	0.657 times
12 Fri Jan 2024	378.60	382.00	385.00	376.00	0.306 times
11 Thu Jan 2024	382.85	379.25	388.95	373.25	0.826 times
10 Wed Jan 2024	376.00	384.10	393.70	371.00	0.767 times
09 Tue Jan 2024	383.75	401.00	401.00	381.10	1.039 times
08 Mon Jan 2024	393.05	391.00	413.40	373.80	4.288 times
05 Fri Jan 2024	359.35	360.40	365.85	358.05	0.392 times
04 Thu Jan 2024	360.35	360.30	369.10	357.55	0.481 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 356, but if it comes above 356, then a intra day buy could be more profitable.
If you take a sell trade below 356, then use 356 as stoploss and 340.4 as target. However if you take a buy trade in stock , then use 356 as stoploss and 369.01 as target.

Share price targets for Lokesh Machines (LOKESHMACH)

Target Type	Value
Downside Target	198.00
Downside Target	224.25
Downside Target	245.85
Downside Target	264.00
Downside Target	281.55
Downside Target	290.80
Downside Target	315.00
Downside Target	346.60
Upside Target	370.00
Upside Target	380.60
Upside Target	384.95
Upside Target	391.50
Upside Target	413.40

Intraday share price targets for Lokesh Machines (LOKESHMACH)

Target Type	Value
Downside Intraday Target	339.6
Downside Intraday Target	326.1
Upside Intraday Target	373.6
Upside Intraday Target	394.1
Upside Intraday Target	360.1

Weekly technical analysis of Lokesh Machines (LOKESHMACH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	353.10	375.50	380.60	346.60	0.279 times
12 Fri Jan 2024	378.60	391.00	413.40	371.00	3.627 times
05 Fri Jan 2024	359.35	365.00	370.00	357.00	0.376 times
29 Fri Dec 2023	364.35	374.05	391.50	352.10	0.339 times
22 Fri Dec 2023	374.20	292.00	384.95	290.80	5.178 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
17 Wed Jan 2024	353.10	365.00	413.40	346.60	0.366 times
29 Fri Dec 2023	364.35	298.20	391.50	281.55	1.351 times
30 Thu Nov 2023	297.65	246.90	315.00	245.85	0.486 times
31 Tue Oct 2023	245.65	201.05	264.00	200.85	4.345 times

Scroll below to view daily charts

Price has moved down 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 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 Lokesh Machines stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Lokesh Machines Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Lokesh Machines 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 Lokesh Machines is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 380.53 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 positive

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