Lokesh Machines has made a strong recovery from the major long-term rising support near 140–160. What looked like a deep correction has slowly turned into accumulation as buyers kept defending this trendline and started pushing price higher. The stock has already reclaimed the important 280 zone which was a major resistance earlier and momentum has remained strong since then. Now price is sitting directly below the falling trendline that has controlled every major rally from the 2024 highs.
The 365–380 area is the key zone now. A clean breakout and sustain above this trendline can finally end the long correction structure and open liquidity towards the previous swing highs. RSI is already showing strong momentum near 67 and sellers are being tested again at the same falling resistance. If price starts accepting above this zone the next expansion can become fast with 440–480 coming back into focus.
The 365–380 area is the key zone now. A clean breakout and sustain above this trendline can finally end the long correction structure and open liquidity towards the previous swing highs. RSI is already showing strong momentum near 67 and sellers are being tested again at the same falling resistance. If price starts accepting above this zone the next expansion can become fast with 440–480 coming back into focus.
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