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(LUMAXIND) Lumax Industries complete technical analysis [charts+indicators] | Buy/Sell Lumax Industries | (LUMAXIND) share price targets

Complete technical analysis of Lumax Industries (LUMAXIND) by charts plus indicators, forecast predictions and share price targets for Lumax Industries (LUMAXIND)

Lumax Industries trades in NSE in Auto Parts & Equipment sector.

Showing technical analysis as on 2024-04-19 View latest technical analysis

10 day averaged volume of Lumax Industries is 5961

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	2424.15	2391.85	2494.80	2363.25	2.192 times
18 Thu Apr 2024	2372.00	2448.00	2492.90	2351.00	3.471 times
16 Tue Apr 2024	2480.00	2449.85	2498.80	2439.05	0.599 times
15 Mon Apr 2024	2467.45	2430.00	2489.80	2386.65	0.7 times
12 Fri Apr 2024	2460.75	2513.00	2513.00	2452.65	0.537 times
10 Wed Apr 2024	2494.40	2495.00	2549.00	2481.05	0.738 times
09 Tue Apr 2024	2518.00	2505.00	2540.70	2480.00	0.799 times
08 Mon Apr 2024	2500.70	2518.85	2518.85	2475.00	0.343 times
05 Fri Apr 2024	2499.05	2490.00	2522.10	2466.00	0.597 times
04 Thu Apr 2024	2495.05	2481.00	2532.00	2474.80	1.056 times

Stock of Lumax Industries (LUMAXIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 2494.5 or till 2581.9. Use a stoploss of 2421.66 and if this stock hits its stoploss, then it can fall down till 2348.83

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2249.95
Downside Target	2312.15
Upside Target	2447.90
Upside Target	2498.80
Upside Target	2532.00
Upside Target	2549.00
Upside Target	2565.45
Upside Target	2793.85
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2350.5
Downside Intraday Target	2276.85
Upside Intraday Target	2498.3
Upside Intraday Target	2572.45
Upside Intraday Target	2424.65

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	2424.15	2430.00	2498.80	2351.00	2.881 times
12 Fri Apr 2024	2460.75	2518.85	2549.00	2452.65	0.572 times
05 Fri Apr 2024	2499.05	2410.00	2532.00	2375.15	1.036 times
28 Thu Mar 2024	2411.70	2330.10	2447.90	2312.15	0.535 times
22 Fri Mar 2024	2312.10	2292.85	2389.75	2249.95	0.609 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	2424.15	2410.00	2549.00	2351.00	0.467 times
28 Thu Mar 2024	2411.70	2330.55	2447.90	2130.00	0.775 times
29 Thu Feb 2024	2312.95	2478.50	2565.45	2174.75	1.212 times
31 Wed Jan 2024	2459.40	2464.00	2842.70	2352.00	1.224 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Lumax Industries (LUMAXIND)

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Lumax Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Lumax Industries in short term but the sell signal is initial and weak.

Lumax Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Lumax Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2440.02 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Lumax Industries (LUMAXIND) stock. Volume based technical analysis of Lumax Industries (LUMAXIND) stock is negative.

Lumax Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.