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(LakshmiElec) Lakshmi Elec complete technical analysis [charts+indicators] | Buy/Sell Lakshmi Elec | (LakshmiElec) share price targets

Complete technical analysis of Lakshmi Elec (LakshmiElec) by charts plus indicators, forecast predictions and share price targets for Lakshmi Elec (LakshmiElec)

10 day averaged volume of Lakshmi Elec is 1737

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 1713.60 1695.00 1747.90 1679.00 0.532 times
07 Tue May 2024 1712.55 1718.25 1743.80 1664.20 0.787 times
06 Mon May 2024 1718.25 1716.80 1759.45 1700.00 0.677 times
03 Fri May 2024 1732.20 1783.20 1799.40 1725.50 1.339 times
02 Thu May 2024 1783.20 1833.00 1856.00 1770.00 1.318 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1696.3, for a target of 1749.2 or 1793.4

Share price targets for Lakshmi Elec (LakshmiElec)

Target Type Value
Downside Target 1165.55
Downside Target 1220.00
Downside Target 1379.00
Downside Target 1560.00
Upside Target 1721.00
Upside Target 1780.00
Upside Target 1856.00
Upside Target 1875.00
Upside Target 1908.75
Upside Target 1921.00
Upside Target 1934.00

Intraday share price targets for Lakshmi Elec (LakshmiElec)

Target Type Value
Downside Intraday Target 1665.38
Downside Intraday Target 1617.17
Upside Intraday Target 1760.63
Upside Intraday Target 1807.67
Downside Intraday Target 1712.42

Weekly technical analysis of Lakshmi Elec (LakshmiElec)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 1713.60 1716.80 1759.45 1664.20 0.444 times
03 Fri May 2024 1732.20 1934.00 1934.00 1725.50 0.933 times
26 Fri Apr 2024 1871.35 1780.00 1908.75 1780.00 1.041 times
19 Fri Apr 2024 1782.05 1765.00 1921.00 1721.00 0.889 times
12 Fri Apr 2024 1787.50 1875.00 1875.00 1775.25 0.415 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 Elec (LakshmiElec)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 1713.60 1833.00 1856.00 1664.20 0.16 times
30 Tue Apr 2024 1840.00 1585.60 1934.00 1585.60 0.597 times
28 Thu Mar 2024 1613.80 1315.30 1640.95 1220.00 0.775 times
29 Thu Feb 2024 1324.55 1456.15 1560.00 1165.55 1.185 times

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 Lakshmi Elec (LakshmiElec)

Indicator Name Indicator Value Indicator Signal
ADX 18, 23, 14 Sell
MACD 76, 110Sell
Stochastics 15Sell
CCI -97Buy
RSI 55Buy
OBV -7114Sell
VWAP 1795Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Lakshmi Elec ( (LakshmiElec) ) 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 Lakshmi Elec ( (LakshmiElec) ) 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 Lakshmi Elec ( (LakshmiElec) ) 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 Lakshmi Elec ( (LakshmiElec) ) 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 Elec stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Lakshmi Elec Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Lakshmi Elec in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Lakshmi Elec is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1795.34 and Lakshmi Elec (LakshmiElec) 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 Elec (LakshmiElec) stock. Volume based technical analysis of Lakshmi Elec (LakshmiElec) stock is negative.

Lakshmi Elec 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.

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