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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 2024-04-16 View latest technical analysis

10 day averaged volume of Lumax Industries is 4378

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2480.00	2449.85	2498.80	2439.05	0.816 times
15 Mon Apr 2024	2467.45	2430.00	2489.80	2386.65	0.954 times
12 Fri Apr 2024	2460.75	2513.00	2513.00	2452.65	0.731 times
10 Wed Apr 2024	2494.40	2495.00	2549.00	2481.05	1.005 times
09 Tue Apr 2024	2518.00	2505.00	2540.70	2480.00	1.088 times
08 Mon Apr 2024	2500.70	2518.85	2518.85	2475.00	0.467 times
05 Fri Apr 2024	2499.05	2490.00	2522.10	2466.00	0.812 times
04 Thu Apr 2024	2495.05	2481.00	2532.00	2474.80	1.438 times
03 Wed Apr 2024	2483.55	2464.45	2492.00	2434.55	1.579 times
02 Tue Apr 2024	2458.05	2406.20	2473.00	2375.15	1.089 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2492.7 as stoploss in an intra day sell trade for a target of 2413.06. However, stock will show a bullish move above 2492.7.

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
Upside Target	2498.80
Upside Target	2532.00
Upside Target	2549.00
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	2411.5
Downside Intraday Target	2343
Upside Intraday Target	2523.65
Upside Intraday Target	2567.3
Downside Intraday Target	2455.15

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2480.00	2430.00	2498.80	2386.65	0.538 times
12 Fri Apr 2024	2460.75	2518.85	2549.00	2452.65	0.572 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

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
16 Tue Apr 2024	2480.00	2410.00	2549.00	2375.15	0.273 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

Lumax Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 2485.84 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. 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.