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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 2024-05-16 View latest technical analysis

10 day averaged volume of Lumax Industries is 6391

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	2569.10	2511.45	2575.00	2509.30	0.679 times
15 Wed May 2024	2513.55	2549.00	2574.90	2472.55	0.745 times
14 Tue May 2024	2530.60	2505.45	2575.00	2500.10	0.823 times
13 Mon May 2024	2509.80	2513.95	2532.15	2450.65	0.561 times
10 Fri May 2024	2494.75	2401.00	2507.40	2401.00	0.559 times
09 Thu May 2024	2456.15	2545.40	2545.40	2441.00	0.337 times
08 Wed May 2024	2532.50	2490.40	2612.50	2460.10	2.321 times
07 Tue May 2024	2471.25	2530.00	2563.60	2424.55	1.807 times
06 Mon May 2024	2505.45	2561.85	2570.85	2471.55	0.926 times
03 Fri May 2024	2541.75	2602.10	2609.95	2521.05	0.847 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2554.8, but if it comes below 2554.8, then a intra day sell could be more profitable.
If you take a sell trade below 2554.8, then use 2554.8 as stoploss and 2503.7 as target. However if you take a buy trade in stock , then use 2554.8 as stoploss and 2616 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2351.00
Downside Target	2401.00
Downside Target	2565.45
Upside Target	2575.00
Upside Target	2579.00
Upside Target	2612.50
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	2488.17
Downside Intraday Target	2407.23
Upside Intraday Target	2612.52
Upside Intraday Target	2655.93
Downside Intraday Target	2531.58

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	2569.10	2513.95	2575.00	2450.65	0.472 times
10 Fri May 2024	2494.75	2561.85	2612.50	2401.00	1.154 times
03 Fri May 2024	2541.75	2578.90	2766.90	2495.00	1.034 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

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
16 Thu May 2024	2569.10	2571.55	2619.00	2401.00	0.511 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 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 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 to mid 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 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 Weak 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. 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 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 2513.94 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 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.