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Stock analysis Laxmi Organic Indus Ltd LXCHEM

More indepth analysis on MunafaSutra.com

Moving Averages for Laxmi Organic Indus Ltd

  • 5Day Average: 235.6
  • 12Day Average: 232.01
  • 20Day Average: 240.26
  • 50Day Average: 255.67
  • 100Day Average: 267.48
  • 150Day Average: 272.42
  • 200Day Average: 269.37

LXCHEM Indicators & signals

Indicator MACD (12,26,9)

236.02, 243.32, -8.09
Indicator MACD is in negative zone

Indicator ADX (14)

0.75, 21.43, 21.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LXCHEM Laxmi Organic Indus Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 235.00 233.30 to 244.25 1.14% 1.04 times
27 Wed Mar 2024 232.35 230.60 to 239.00 -1.75% 0.63 times
26 Tue Mar 2024 236.50 234.50 to 248.90 -4.04% 1.09 times
22 Fri Mar 2024 246.45 227.70 to 249.90 8.23% 6.3 times
21 Thu Mar 2024 227.70 224.75 to 228.45 2.27% 0.28 times
20 Wed Mar 2024 222.65 221.80 to 230.40 -2.47% 0.29 times
19 Tue Mar 2024 228.30 227.25 to 232.00 -0.41% 0.21 times
18 Mon Mar 2024 229.25 228.50 to 234.60 -1.08% 0.19 times
15 Fri Mar 2024 231.75 228.10 to 236.70 0.63% 0.25 times
14 Thu Mar 2024 230.30 226.45 to 234.80 1.45% 0.28 times
13 Wed Mar 2024 227.00 225.10 to 241.00 -4.18% 0.47 times
12 Tue Mar 2024 236.90 235.70 to 245.95 -3.46% 0.34 times

Technical analysis forecast for Laxmi Organic Indus Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Laxmi Organic Indus Ltd LXCHEM at this time. Stock is falling and might fall more.

It appears as if Laxmi Organic Indus Ltd LXCHEM gave a large move recently.

Stock of Laxmi Organic Indus Ltd (LXCHEM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Laxmi Organic Indus Ltd is bearish for shortterm, and stock might move down till 229 or till 215.4. Use a stoploss of 240.26 and if the stock hits stoploss, then it can shoot up till 251.56

More indepth analysis on MunafaSutra.com