Lakshmi EFL: Not Giving Any "Lakshmi" To Investors Yet...

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis:

Lakshmi EFL fell slightly today but it was an overall sideways movement.

Close & CMP: 58.75

Market Outlook:

• The price has remained sideways after falling to its lowest price in 3 years.
• There is a chance that the price could maybe fall a bit more but then try to move upwards and rise towards its original support at 70.

Technical Indicators:

• There is a diagonal line of support which helped the price from falling further a couple of days ago.
• The current price is the lowest in the last 3 years.
• The hope that is visible is that the price is deeply oversold, and additionally the force index has fallen below zero as well.  So there are chances that this price could go up soon, as there are not many takers at this low a price.

All posts related to Lakshmi EFL

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis

Lakshmi Energy and Foods: Stuck in a price range

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis:

The price closed at 70.55 and lost the rally it made in the initial part of the day.

Market Outlook:

• The price is facing stiff resistance at 73.  It is looking difficult that the price will break this level.  
• Go long (buy) on a close above 73.
• The price has support at 69.  
• 69-73 is a short range and so we should be able to see a breakout soon.

Technical Indicators:

• The price made a tombstone doji - type candlestick today.
• The intraday high of this candlestick tested the resistance and then just fell back powerless.
• The trading quantity of the stock has fallen back to below average.
• The price is trading in a small range of 69-73.
• No trading signal today, wait before taking a position on Lakshmi E&F.

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis

Laxmi Energy & Food: Going, going, gone ?

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis:


Lakshmi Energy & Foods remained range bound in a very teeny-weeny range.  The price has closed near 67 for the 4th consecutive day with almost nil movement during the day.

Market Outlook:

• Bleak.  There seems no interest in taking the stock up even at this level.  Still no demand after the price has dipped to near its all time low.  
• Closing above 69 may be a recovery for this stock

Technical Indicators:

• There is a long term line of diagonal support which is helping the stock at this moment.
• The horizontal support is available at 69, but the stock has closed below this price for the past 6 days.
• There is no demand even at this low price.
• Going by the historical movement of Lakshmi Energy & Food, the volume suddenly jumps taking the price higher.  So watch for a sudden rise in trading volume and breakout above 69.  If this happens, go long with sell off withing 2-3 days.

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis

Laxmi Energy & Food: Sideways since 5 days, Big move before weekend

LAXMI ENERGY & FOOD Daily NSE Stock Chart Technical Analysis:

Laxmi Energy & Food remained sideways for the 5th continuous day and closed near yesterday's open after opening near yesterday's close.

Open:  79.50  Close & CMP:  77.40

Market Outlook:

• The price will make a sudden move in either direction, keep your antennae tuned for opportunity to make money on this stock.
• In the short term, buy at 83 and sell at 90.

Technical Indicators:

• Thu or Fri could see a big move happening (hopefully upwards).  Keep an eye for the move to happen, and make a buy or sell when it happens.
• The monthly chart (the chart above is the daily chart) suggests that this month could end around Rs 72 or at 80.  Next month, this stock should start rising again. December could be a good positive month for Laxmi Energy and Food.

LAXMI ENERGY & FOOD Daily NSE Stock Chart Technical Analysis