Price and trend forecast of LOKESHMACH for Tomorrow, Weekly, Monthly
Lokesh Machines Limited
Symbol: NSE:LOKESHMACH
ISIN: INE397H01017
371.45
As on 2024-11-19
LOKESHMACH's Today's Performance
Lokesh Machines Limited started the day by opening at 332.15 today 2024-11-19. Its shares reached a high of 393.90 and dipped to a low of 332.10 in intraday. When the markets closed, LOKESHMACH’s stock price settled at ₹371.45 per share. Also check out its key support and resistance levels.
LOKESHMACH Buy/Sell Targets
Tomorrow, buy LOKESHMACH when its price reaches ₹ 371.45 with a stop-loss order at ₹ 353.38. You can set the target price as ₹ 389.52 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of LOKESHMACH for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for LOKESHMACH
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 400 |
| Tomorrow Down Target 2 | 428 |
| Tomorrow Down Target 3 | 461 |
Important Levels for LOKESHMACH
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 338 |
| Tomorrow Up Target 2 | 304 |
| Tomorrow Up Target 3 | 276 |
Based on where the stock opens tomorrow, if LOKESHMACH opens on a positive note, our first target will be ₹400. If Target 1 is achieved, we will aim for Target 2 which is ₹428.
But if LOKESHMACH falls below the average value of ₹365.82, you can enter a sell side position with target number 1 - ₹338 and second target - ₹304 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of LOKESHMACH
Looking at LOKESHMACH, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, LOKESHMACH has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for LOKESHMACH is moderate bearish.
Tomorrow's Volume based share price Forecast for LOKESHMACH
LOKESHMACH's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 13%.
Reversal detection for LOKESHMACH
LOKESHMACH may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹336 in morning tomorrow
| Target 1 tomorrow | 389 |
| Target 2 tomorrow | 404 |
| Target 3 tomorrow | 428 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with LOKESHMACH's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if LOKESHMACH opens on a positive note, our first target will be ₹399.53. If Target 1 is achieved, we will aim for Target 2 which is ₹427.62.
But if LOKESHMACH falls below the average value of ₹365.82, you can enter a sell side position with target number 1 - ₹337.73 and second target - ₹304.02
LOKESHMACH's Weekly Targets
| 1st Up Target | 402.77 |
| 2nd Up Target | 434.08 |
| 1st Down Target | 331.27 |
| 2nd Down Target | 291.08 |
As the week for LOKESHMACH ended on bullish sentiments, we can expect further continuation of this sentiment. LOKESHMACH's initial target will be 402.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 331.27 in the upcoming week.
Weekly OHLC Values
| Open | 349.00 |
| High | 393.90 |
| Low | 322.40 |
| Close | 371.45 |
Week for LOKESHMACH started with an open price of 349.00, and the close was at 371.45. LOKESHMACH reached the highest of 393.90 and dipped lowest up to 322.40 last week. This indicates a bullish sentiment for the week.
LOKESHMACH full month swing targets
| Monthly Up Target 1 | 474.27 |
| Monthly Up Target 2 | 505.58 |
| Monthly Down Target 1 | 259.77 |
| Monthly Down Target 2 | 148.08 |
Targets of ₹474.27 can be expected to be reached in the coming month. Once LOKESHMACH achieved this target, we can aim for the next upside target of ₹505.58.
LOKESHMACH if fails to hold upside, down targets of ₹259.77 and ₹148.08 can be achieved by end of this month.
For complete three weeks if LOKESHMACH is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as LOKESHMACH
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
LOKESHMACH is expected to reach the target of 399.53 in tomorrow's trading session.
After achieving the initial target in LOKESHMACH, we will aim for higher targets of 427.62 tomorrow.
However, if LOKESHMACH starts to trade below ₹365.82, then we will shift our focus to the sell side and aim for down targets of 337.73 and 304.02.