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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 2024-04-24 View latest technical analysis

10 day averaged volume of Lumax Industries is 6536

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	2501.95	2499.00	2550.00	2465.65	1.534 times
23 Tue Apr 2024	2454.15	2474.70	2499.90	2423.35	0.829 times
22 Mon Apr 2024	2457.95	2442.75	2475.00	2412.55	0.617 times
19 Fri Apr 2024	2424.15	2391.85	2494.80	2363.25	1.999 times
18 Thu Apr 2024	2372.00	2448.00	2492.90	2351.00	3.165 times
16 Tue Apr 2024	2480.00	2449.85	2498.80	2439.05	0.547 times
15 Mon Apr 2024	2467.45	2430.00	2489.80	2386.65	0.639 times
12 Fri Apr 2024	2460.75	2513.00	2513.00	2452.65	0.49 times
10 Wed Apr 2024	2494.40	2495.00	2549.00	2481.05	0.673 times
09 Tue Apr 2024	2518.00	2505.00	2540.70	2480.00	0.729 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2502.2 as stoploss in an intra day sell trade for a target of 2446.3. However, stock will show a bullish move above 2502.2.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2312.15
Downside Target	2498.80
Upside Target	2532.00
Upside Target	2549.00
Upside Target	2550.00
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	2426.33
Downside Intraday Target	2350.72
Upside Intraday Target	2563.78
Upside Intraday Target	2625.62
Downside Intraday Target	2488.17

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	2501.95	2442.75	2550.00	2412.55	0.469 times
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

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

Monthly technical analysis of Lumax Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	2501.95	2410.00	2550.00	2351.00	0.579 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2441.24 and Lumax Industries (LUMAXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.