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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 2024-03-28 View latest technical analysis

10 day averaged volume of Lumax Industries is 11559

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2411.70	2373.15	2447.90	2372.40	0.598 times
27 Wed Mar 2024	2368.80	2352.90	2380.00	2329.95	0.399 times
26 Tue Mar 2024	2360.00	2330.10	2377.00	2312.15	1.107 times
22 Fri Mar 2024	2312.10	2345.00	2361.00	2294.00	0.739 times
21 Thu Mar 2024	2331.45	2308.35	2389.75	2295.05	0.572 times
20 Wed Mar 2024	2291.20	2305.85	2317.35	2261.55	1.329 times
19 Tue Mar 2024	2298.60	2317.00	2329.60	2282.00	0.334 times
18 Mon Mar 2024	2331.25	2292.85	2351.85	2249.95	0.956 times
15 Fri Mar 2024	2292.85	2199.95	2374.85	2199.95	3.131 times
14 Thu Mar 2024	2165.50	2185.95	2222.90	2130.00	0.602 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2377.2, but if it comes below 2377.2, then a intra day sell could be more profitable.
If you take a sell trade below 2377.2, then use 2377.2 as stoploss and 2314.24 as target. However if you take a buy trade in stock , then use 2377.2 as stoploss and 2452.7 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2121.00
Downside Target	2174.75
Downside Target	2249.95
Upside Target	2415.50
Upside Target	2434.00
Upside Target	2447.90
Upside Target	2565.45
Upside Target	2793.85
Upside Target	2798.95
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2333.27
Downside Intraday Target	2254.83
Upside Intraday Target	2469.02
Upside Intraday Target	2526.33
Downside Intraday Target	2390.58

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	2411.70	2330.10	2447.90	2312.15	0.535 times
22 Fri Mar 2024	2312.10	2292.85	2389.75	2249.95	0.609 times
15 Fri Mar 2024	2292.85	2319.30	2374.85	2130.00	3.49 times
07 Thu Mar 2024	2302.05	2368.00	2434.00	2280.10	0.917 times
02 Sat Mar 2024	2373.65	2350.00	2415.50	2261.75	0.427 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
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
29 Fri Dec 2023	2479.75	2754.90	2793.85	2398.00	0.38 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 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 mid to longer 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.

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 but the buy 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 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 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 2310.43 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.