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Stock analysis Lakshmi Machine Works Limited LAXMIMACH

More indepth analysis on MunafaSutra.com

Moving Averages for Lakshmi Machine Works Limited

  • 5Day Average: 17390.85
  • 12Day Average: 17269.1
  • 20Day Average: 16817.56
  • 50Day Average: 15856.42
  • 100Day Average: 15978.02
  • 150Day Average: 16004.78
  • 200Day Average: 15491.38

LAXMIMACH Indicators & signals

Indicator MACD (12,26,9)

17186.16, 16714.14, 467.32
Indicator MACD is in positive zone

Indicator ADX (14)

28.82, 26.78, 14.8
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LAXMIMACH Lakshmi Machine Works Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
09 Wed Oct 2024 17324.60 17070.00 to 17876.95 2% 1.19 times
08 Tue Oct 2024 16984.55 16881.00 to 17719.30 -1.78% 0.71 times
07 Mon Oct 2024 17292.85 17000.00 to 17900.00 -1.67% 0.83 times
04 Fri Oct 2024 17585.80 17506.20 to 18147.95 -1.02% 0.58 times
03 Thu Oct 2024 17766.45 17619.45 to 18343.05 -2.82% 0.61 times
01 Tue Oct 2024 18282.15 18062.00 to 18650.00 -0.76% 1.27 times
30 Mon Sep 2024 18421.30 17680.60 to 18598.15 2.82% 2.18 times
27 Fri Sep 2024 17916.85 16239.00 to 19199.95 10.01% 3.15 times
26 Thu Sep 2024 16287.15 16250.00 to 16507.50 -1.19% 0.21 times
25 Wed Sep 2024 16482.80 16250.00 to 16620.00 0.18% 0.25 times
24 Tue Sep 2024 16453.15 16236.05 to 16500.00 0.13% 0.22 times
23 Mon Sep 2024 16431.50 15602.00 to 16500.00 5.32% 0.74 times

Technical analysis forecast of Lakshmi Machine Works Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Lakshmi Machine Works Limited LAXMIMACH at this time. Stock is rising and might rise more.

It appears as if Lakshmi Machine Works Limited LAXMIMACH gave a large move recently.

Stock of Lakshmi Machine Works Limited (LAXMIMACH) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Lakshmi Machine Works Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 17695.3 as stoploss in an intra day sell trade for a target of 16894.21. However, stock will show a bullish move above 17695.3.

More indepth analysis on MunafaSutra.com