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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: 14720.02
  • 12Day Average: 14256.4
  • 20Day Average: 14384.44
  • 50Day Average: 14125.54
  • 100Day Average: 13763.57
  • 150Day Average: 13923.47
  • 200Day Average: 13774.45

LAXMIMACH Indicators & signals

Indicator MACD (12,26,9)

14506.4, 14371.26, 44.12
Indicator MACD is in positive zone

Indicator ADX (14)

51.71, 37.16, 11.83
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
28 Thu Mar 2024 15192.30 14733.15 to 15570.00 0.45% 1.71 times
27 Wed Mar 2024 15124.75 14500.90 to 16650.00 4.72% 8.5 times
26 Tue Mar 2024 14443.20 14325.00 to 14680.00 -0.18% 0.11 times
22 Fri Mar 2024 14468.65 14364.55 to 14700.00 0.68% 0.14 times
21 Thu Mar 2024 14371.20 14109.25 to 14441.00 2.31% 0.11 times
20 Wed Mar 2024 14047.25 13837.00 to 14157.70 0.85% 0.09 times
19 Tue Mar 2024 13928.45 13750.00 to 14000.00 0.16% 0.1 times
18 Mon Mar 2024 13906.25 13668.05 to 14000.00 0.48% 0.11 times
15 Fri Mar 2024 13840.25 13666.00 to 14260.00 -1.07% 0.15 times
14 Thu Mar 2024 13990.30 13514.70 to 14216.00 1.93% 0.15 times
13 Wed Mar 2024 13725.50 13333.05 to 14165.60 -2.23% 0.53 times
12 Tue Mar 2024 14038.70 14005.55 to 14474.95 -3.03% 0.18 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!

Although my analysis for Lakshmi Machine Works Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 15295.6, for a target of 14817 or 14418.13

More indepth analysis on MunafaSutra.com