Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-20 View latest technical analysis

10 day averaged volume of Lumax Industries is 16068

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	2908.90	2844.35	3033.80	2844.35	4.129 times
19 Wed Jun 2024	2839.35	2852.25	2964.95	2805.10	0.797 times
18 Tue Jun 2024	2851.40	2824.75	2872.45	2792.55	0.817 times
14 Fri Jun 2024	2819.80	2886.60	2887.20	2808.00	0.338 times
13 Thu Jun 2024	2864.70	2792.90	2924.70	2772.05	2.572 times
12 Wed Jun 2024	2772.15	2784.95	2848.00	2744.15	1.121 times
11 Tue Jun 2024	2765.35	2651.00	2789.65	2646.05	1.18 times
10 Mon Jun 2024	2650.25	2735.00	2755.00	2627.30	0.497 times
07 Fri Jun 2024	2690.65	2653.50	2713.75	2610.75	1.116 times
06 Thu Jun 2024	2653.50	2551.00	2668.00	2551.00	0.769 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, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2828.3, but if it comes below 2828.3, then a intra day sell could be more profitable.
If you take a sell trade below 2828.3, then use 2828.3 as stoploss and 2695.99 as target. However if you take a buy trade in stock , then use 2828.3 as stoploss and 2987 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
Downside Target	2889.70
Upside Target	2910.00
Upside Target	2924.70
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2789.7
Downside Intraday Target	2670.5
Upside Intraday Target	3030.95
Upside Intraday Target	3153
Upside Intraday Target	2911.75

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	2908.90	2824.75	3033.80	2792.55	1.006 times
14 Fri Jun 2024	2819.80	2735.00	2924.70	2627.30	1.194 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

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
20 Thu Jun 2024	2908.90	2610.40	3033.80	2306.10	0.865 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 BUY signal in short term and the buying is gaining 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 2823.6 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.