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(LumaxInd) Lumax Ind complete technical analysis [charts+indicators] | Buy/Sell Lumax Ind | (LumaxInd) share price targets

Complete technical analysis of Lumax Ind (LumaxInd) by charts plus indicators, forecast predictions and share price targets for Lumax Ind (LumaxInd)

10 day averaged volume of Lumax Ind is 404

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 2563.85 2464.65 2572.00 2464.65 1.975 times
15 Wed May 2024 2514.35 2502.05 2566.80 2502.00 0.77 times
14 Tue May 2024 2534.40 2575.90 2575.90 2499.25 1.401 times
13 Mon May 2024 2514.05 2488.00 2515.00 2451.95 0.488 times
10 Fri May 2024 2483.15 2420.00 2499.00 2420.00 0.975 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2550.9, but if it comes below 2550.9, then a intra day sell could be more profitable.
If you take a sell trade below 2550.9, then use 2550.9 as stoploss and 2501.9 as target. However if you take a buy trade in stock , then use 2550.9 as stoploss and 2609.8 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type Value
Downside Target 2020.05
Downside Target 2130.15
Downside Target 2176.65
Downside Target 2348.50
Downside Target 2414.95
Upside Target 2565.00
Upside Target 2575.90
Upside Target 2614.95
Upside Target 2686.75
Upside Target 2732.50
Upside Target 2815.45

Intraday share price targets for Lumax Ind (LumaxInd)

Target Type Value
Downside Intraday Target 2485.23
Downside Intraday Target 2406.62
Upside Intraday Target 2609.18
Upside Intraday Target 2654.52
Downside Intraday Target 2530.57

Weekly technical analysis of Lumax Ind (LumaxInd)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 2563.85 2488.00 2575.90 2451.95 0.966 times
10 Fri May 2024 2483.15 2545.00 2614.95 2420.00 0.881 times
03 Fri May 2024 2543.00 2572.50 2732.50 2506.20 0.861 times
26 Fri Apr 2024 2509.75 2420.95 2571.00 2414.95 0.315 times
19 Fri Apr 2024 2438.55 2430.00 2495.00 2348.50 5.027 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 Ind (LumaxInd)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 2563.85 2541.45 2614.95 2420.00 0.288 times
30 Tue Apr 2024 2541.50 2466.25 2732.50 2348.50 1.61 times
28 Thu Mar 2024 2402.00 2686.75 2686.75 2130.15 0.539 times
29 Thu Feb 2024 2310.80 2445.80 2565.00 2176.65 1.655 times

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 Ind (LumaxInd)

Indicator Name Indicator Value Indicator Signal
ADX 22, 18, 10 Buy
MACD 48, 47Buy
Stochastics 60None
CCI 53Buy
RSI 49Sell
OBV -2218Sell
VWAP 2518Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Lumax Ind ( (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 Ind ( (LumaxInd) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Lumax Ind ( (LumaxInd) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Lumax Ind ( (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 Ind stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Lumax Ind 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 Ind 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 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 Ind in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2518.22 and Lumax Ind (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 Ind (LumaxInd) stock. Volume based technical analysis of Lumax Ind (LumaxInd) stock is negative.

Lumax Ind Stock has given negative 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.

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