All time highCan be a good bet or , might even consolidate for some more time.
then may give good reward
LOKESHMACH trade ideas
Great multibagger opportunity The stock is trading near it's biggest resistance level since May'26. The levels to watchout for is 210. Weekly chart gives a clear picture. Share your thoughts with me
LOKESH MACHINES 🎯100NSE:LOKESHMACH broke out of a bullish ascending triangle pattern and now is consolidating in a range.
Following the price action, one can enter 20-30% position at C.M.P
Enter with rest after a breakout from this range or after price takes support in the range.
Targets:90/100
Sl- below 70
1:2 trade. Breakout momentum looks good. likelihood of target being hit is high. Track script closely.
Position size accordingly. HAPPY TRADING!
LOKESH MACHINES will give cashcmp 77
trgt 90
date27-12-2021
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
lokesh machineLokesh Machines Ltd. was incorporated as a public limited company on December 17, 1983 in Hyderabad under the Companies Act, 1956 and obtained certificate for commencement of business on February 9, 1984. The company was promoted by Mr. M Lokeswara Rao, who started this company after gaining significant insights into the nuances of machine and machine tool manufacturing during his stint of over 16 years as a shop-floor executive of HMT Ltd.
They operate in the machine tool industry. They have strong backing of promoters with over three decades of experience in the machine tool industry. Their professional team is richly experienced in design, development, production, supply of machine tools, jigs, fixtures and accessories needed for precision engineering. This highly charged team’s commitment has won them various clients.
LML achieved a significant breakthrough by winning a prestigious turnkey order from M/s John Deere, Pune for their green field tractor project for supply of total manufacturing line for cylinder blocks, against stiff competition.
The company also entered the auto component segment by setting up dedicated lines of machines for manufacture and supply of cylinder blocks for Mahindra & Mahindra Limited (M&M) for their tractor, jeep and Scorpio divisions.
Technical partners of the company:
SCMS, Japan
AVM Angelini- Italy.
Wenig Wemas, Germany
IMT Intermato, Italy
Product range of the company includes:
Special Purpose machine
Duplex Milling
Simplex Milling
Multi Spindle Drilling
Multi Spindle Tapping
Gun Drilling
Fine Boring
Broaching & more
Transfer Line
Linear Transfer Lines
Shuttle Type Transfer Lines
Auto Transfer Lines
Rotary Transfer Lines
Auto Component- The company specialize in supply of machine tools and accessories.
