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Price and trend forecast of LXCHEM for Tomorrow, Weekly, Monthly

Laxmi Organic Industries Limited

Symbol: NSE:LXCHEM

ISIN: INE576O01020

250.30

As on 2024-05-17

221.80 (52W Low) 320.95 (52W High)

LXCHEM's Today's Performance

Laxmi Organic Industries Limited started the day by opening at 243.55 today 2024-05-17. Its shares reached a high of 252.10 and dipped to a low of 241.90 in intraday. When the markets closed, LXCHEM’s stock price settled at ₹250.30 per share. Also check out its key support and resistance levels.

LXCHEM Buy/Sell Targets

Tomorrow, buy LXCHEM when its price reaches ₹ 250.30 with a stop-loss order at ₹ 246.30. You can set the target price as ₹ 254.30 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 LXCHEM 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 LXCHEM

Downside Targets Value in ₹
Tomorrow Down Target 1 254
Tomorrow Down Target 2 258
Tomorrow Down Target 3 265

Important Levels for LXCHEM

Holding Levels Value in ₹
Tomorrow Up Target 1 244
Tomorrow Up Target 2 238
Tomorrow Up Target 3 234
Based on where the stock opens tomorrow, if LXCHEM opens on a positive note, our first target will be ₹254. If Target 1 is achieved, we will aim for Target 2 which is ₹258.

But if LXCHEM falls below the average value of ₹248.10, you can enter a sell side position with target number 1 - ₹244 and second target - ₹238 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 LXCHEM

Looking at LXCHEM, we've seen a Increasing 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, LXCHEM has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for LXCHEM is moderate bullish.

Tomorrow's Volume based share price Forecast for LXCHEM

LXCHEM's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -31%.

Reversal detection for LXCHEM

Predicted trend chart of LXCHEM tomorrow for price forecast
LXCHEM may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹243 in morning tomorrow
Target 1 tomorrow252
Target 2 tomorrow254
Target 3 tomorrow258
 

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 LXCHEM'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 LXCHEM opens on a positive note, our first target will be ₹254.30. If Target 1 is achieved, we will aim for Target 2 which is ₹258.30.

But if LXCHEM falls below the average value of ₹248.10, you can enter a sell side position with target number 1 - ₹244.10 and second target - ₹237.90

LXCHEM's Weekly Targets
1st Up Target 259.95
2nd Up Target 269.60
1st Down Target 232.80
2nd Down Target 215.30

As the week for LXCHEM ended on bullish sentiments, we can expect further continuation of this sentiment. LXCHEM's initial target will be 259.95 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 232.80 in the upcoming week.

Weekly OHLC Values
Open 229.00
High 252.10
Low 224.95
Close 250.30

Week for LXCHEM started with an open price of 229.00, and the close was at 250.30. LXCHEM reached the highest of 252.10 and dipped lowest up to 224.95 last week. This indicates a bullish sentiment for the week.

LXCHEM full month swing targets
Monthly Up Target 1 287.10
Monthly Up Target 2 296.75
Monthly Down Target 1 205.65
Monthly Down Target 2 161.00

Targets of ₹287.10 can be expected to be reached in the coming month. Once LXCHEM achieved this target, we can aim for the next upside target of ₹296.75.

LXCHEM if fails to hold upside, down targets of ₹205.65 and ₹161.00 can be achieved by end of this month.

For complete three weeks if LXCHEM 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.

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Summary

LXCHEM is expected to reach the target of 254.30 in tomorrow's trading session.

After achieving the initial target in LXCHEM, we will aim for higher targets of 258.30 tomorrow.

However, if LXCHEM starts to trade below ₹248.10, then we will shift our focus to the sell side and aim for down targets of 244.10 and 237.90.