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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 2024-04-03 View latest technical analysis

10 day averaged volume of Lumax Industries is 7818

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2483.55	2464.45	2492.00	2434.55	0.884 times
02 Tue Apr 2024	2458.05	2406.20	2473.00	2375.15	0.61 times
01 Mon Apr 2024	2406.20	2410.00	2436.75	2387.55	0.468 times
28 Thu Mar 2024	2411.70	2373.15	2447.90	2372.40	0.884 times
27 Wed Mar 2024	2368.80	2352.90	2380.00	2329.95	0.589 times
26 Tue Mar 2024	2360.00	2330.10	2377.00	2312.15	1.637 times
22 Fri Mar 2024	2312.10	2345.00	2361.00	2294.00	1.093 times
21 Thu Mar 2024	2331.45	2308.35	2389.75	2295.05	0.846 times
20 Wed Mar 2024	2291.20	2305.85	2317.35	2261.55	1.965 times
19 Tue Mar 2024	2298.60	2317.00	2329.60	2282.00	0.494 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 2505.4, for a target of 2409.6 or 2329.81

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2249.95
Downside Target	2434.00
Downside Target	2447.90
Upside Target	2492.00
Upside Target	2565.45
Upside Target	2793.85
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2408.47
Downside Intraday Target	2333.38
Upside Intraday Target	2525.32
Upside Intraday Target	2567.08
Downside Intraday Target	2450.23

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2483.55	2410.00	2492.00	2375.15	0.631 times
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

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
03 Wed Apr 2024	2483.55	2410.00	2492.00	2375.15	0.088 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
31 Wed Jan 2024	2459.40	2464.00	2842.70	2352.00	1.224 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2359.95 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.