Lakshmi Machine SwingStock swing can be can taken for following reasons :
1) Stock has tested weekly structure
2) Stock has also tested daily structure
3) 4HR structure is also in bullish structure
0%
0%
0%
0%
0%
About LAKSHMI MACHINE
Sector
Producer Manufacturing
Industry
Industrial Machinery
CEO
Sanjay Jayavarthanavelu
Website
lmwglobal.com
Headquarters
Coimbatore
Founded
1962
ISIN
INE269B01029
Lakshmi Machine Works Ltd. engages in the manufacture and sale of textile spinning machinery. It operates through the following segments: Textile Machinery Division, Machine Tool and Foundry Division, and Advance Technology Centre. The Advance Technology Centre segment specializes in the manufacture and supply of high precision parts and components required for the aerospace industry. The company was founded on September 14, 1962 and is headquartered in Coimbatore, India.
Double bottom in LMWVery good double bottom seen in Lakshmi Machine works.
After break of neckline price have come back to test the support.
Very good low risk long entry with SL of 10500
Targets of 11700 and 13900 possible
LAKSHMI MACHINEThe chart is self-explanatory.
upside potential > 30%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
LAXMI MACHINES - LONG~Laxmi machine is ready to move after retested to resistance.
~RS and RSI is strong.
~Weekly chart is supporting on 20 EMA LINE.
Lakshmi Machine-Breakout & Retest Price...Lakshmi Machine-Breakout & Retest Price Daily Time Frame-Buy Above-12100.Expect a Target-13300.Stop Loss-11150 Closing Basis. Only Education Purpose.......
BULLISH on LAXMIMACHNSE:LAXMIMACH
The prices have given the breakout from the previous high and made 52 week high on the weekly chart. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 to 12 months. The
LAXMIMACH is a screaming buy!The stock is at the confluence of multiple supports Viz., 1.Pitchfork median 2. trend line 3. 61.8% fib.retracement 4. ichimoku cloud and 5.E89 band.........Go long and mint money
Consolidation in UptrendLevel to watch out : 10500
High accumulation followed by low volume consolidation
GOOD CHANNEL BREAKOUTlaxmimacine has given a stong brkout and closing outside of the channel..
a good momentum for upside can b seen.
the stock can b a good (postional) stock for a shortterm target of ..11700 and furthr of 13000.
*** PLEASE FOLLOW RISK MANAGEMENT ***
Buy Today, Sell Tomorrow: LAXMIMACH for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in LAXMIMACH
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maint
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
