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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 2024-04-09 View latest technical analysis

10 day averaged volume of Lumax Industries is 6010

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	2518.00	2505.00	2540.70	2480.00	0.792 times
08 Mon Apr 2024	2500.70	2518.85	2518.85	2475.00	0.34 times
05 Fri Apr 2024	2499.05	2490.00	2522.10	2466.00	0.592 times
04 Thu Apr 2024	2495.05	2481.00	2532.00	2474.80	1.048 times
03 Wed Apr 2024	2483.55	2464.45	2492.00	2434.55	1.151 times
02 Tue Apr 2024	2458.05	2406.20	2473.00	2375.15	0.793 times
01 Mon Apr 2024	2406.20	2410.00	2436.75	2387.55	0.609 times
28 Thu Mar 2024	2411.70	2373.15	2447.90	2372.40	1.149 times
27 Wed Mar 2024	2368.80	2352.90	2380.00	2329.95	0.767 times
26 Tue Mar 2024	2360.00	2330.10	2377.00	2312.15	2.129 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2465.5, but if it comes below 2465.5, then a intra day sell could be more profitable.
If you take a sell trade below 2465.5, then use 2465.5 as stoploss and 2360.57 as target. However if you take a buy trade in stock , then use 2465.5 as stoploss and 2591.3 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2249.95
Downside Target	2312.15
Downside Target	2447.90
Downside Target	2475.00
Upside Target	2532.00
Upside Target	2540.70
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	2481.77
Downside Intraday Target	2445.53
Upside Intraday Target	2547.47
Upside Intraday Target	2576.93
Downside Intraday Target	2511.23

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	2518.00	2518.85	2540.70	2475.00	0.27 times
05 Fri Apr 2024	2499.05	2410.00	2532.00	2375.15	1.036 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

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
09 Tue Apr 2024	2518.00	2410.00	2540.70	2375.15	0.184 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 neutral. A longer time frame might give a better analysis.

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 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 2435.88 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.