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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 2024-05-02 View latest technical analysis

10 day averaged volume of Lumax Industries is 8989

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	2591.10	2571.55	2619.00	2530.05	0.763 times
30 Tue Apr 2024	2551.95	2495.00	2574.00	2495.00	0.754 times
29 Mon Apr 2024	2529.25	2578.90	2766.90	2510.05	1.548 times
26 Fri Apr 2024	2514.25	2579.00	2579.00	2500.00	0.278 times
25 Thu Apr 2024	2552.30	2518.40	2572.40	2501.20	1.101 times
24 Wed Apr 2024	2501.95	2499.00	2550.00	2465.65	1.116 times
23 Tue Apr 2024	2454.15	2474.70	2499.90	2423.35	0.603 times
22 Mon Apr 2024	2457.95	2442.75	2475.00	2412.55	0.449 times
19 Fri Apr 2024	2424.15	2391.85	2494.80	2363.25	1.453 times
18 Thu Apr 2024	2372.00	2448.00	2492.90	2351.00	2.301 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2593.9, for a target of 2537.4 or 2490.3

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2351.00
Downside Target	2532.00
Downside Target	2549.00
Downside Target	2565.45
Downside Target	2579.00
Upside Target	2619.00
Upside Target	2766.90
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2468.43
Downside Intraday Target	2345.77
Upside Intraday Target	2740.33
Upside Intraday Target	2889.57
Upside Intraday Target	2617.67

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2591.10	2578.90	2766.90	2495.00	0.864 times
26 Fri Apr 2024	2514.25	2442.75	2579.00	2412.55	0.768 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

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
02 Thu May 2024	2591.10	2571.55	2619.00	2530.05	0.051 times
30 Tue Apr 2024	2551.95	2410.00	2766.90	2351.00	0.77 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short 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 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 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.

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

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2477.45 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.