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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 2024-06-11 View latest technical analysis

10 day averaged volume of Lumax Industries is 16702

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	2765.35	2651.00	2789.65	2646.05	1.135 times
10 Mon Jun 2024	2650.25	2735.00	2755.00	2627.30	0.479 times
07 Fri Jun 2024	2690.65	2653.50	2713.75	2610.75	1.074 times
06 Thu Jun 2024	2653.50	2551.00	2668.00	2551.00	0.74 times
05 Wed Jun 2024	2588.80	2443.45	2605.85	2399.60	0.762 times
04 Tue Jun 2024	2468.10	2584.00	2585.55	2306.10	0.912 times
03 Mon Jun 2024	2585.55	2610.40	2644.00	2550.50	1.112 times
31 Fri May 2024	2569.00	2520.00	2628.00	2520.00	1.093 times
30 Thu May 2024	2532.55	2525.00	2571.45	2513.35	0.842 times
29 Wed May 2024	2529.00	2531.10	2587.95	2521.35	0.86 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2735.9, but if it comes below 2735.9, then a intra day sell could be more profitable.
If you take a sell trade below 2735.9, then use 2735.9 as stoploss and 2634.94 as target. However if you take a buy trade in stock , then use 2735.9 as stoploss and 2857.1 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2513.35
Downside Target	2565.45
Downside Target	2713.75
Upside Target	2766.90
Upside Target	2789.65
Upside Target	2889.70
Upside Target	2910.00

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2665.22
Downside Intraday Target	2565.08
Upside Intraday Target	2827.57
Upside Intraday Target	2889.78
Downside Intraday Target	2727.43

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	2765.35	2735.00	2789.65	2627.30	0.351 times
07 Fri Jun 2024	2690.65	2610.40	2713.75	2306.10	0.53 times
31 Fri May 2024	2569.00	2910.00	2910.00	2513.35	1.773 times
24 Fri May 2024	2856.85	2654.90	2889.70	2615.00	3.335 times
18 Sat May 2024	2615.65	2513.95	2646.15	2450.65	0.644 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
11 Tue Jun 2024	2765.35	2610.40	2789.65	2306.10	0.344 times
31 Fri May 2024	2569.00	2571.55	2910.00	2401.00	2.255 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

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 to mid 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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

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 2605.78 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.