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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)

Showing technical analysis as on 2024-09-03 View latest technical analysis

10 day averaged volume of Lumax Ind is 3427

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	2916.90	2876.00	2978.70	2876.00	0.371 times
02 Mon Sep 2024	2902.35	2943.35	2979.50	2864.00	0.365 times
30 Fri Aug 2024	2926.35	2919.95	2930.00	2891.00	0.077 times
29 Thu Aug 2024	2914.95	2900.00	2931.40	2886.35	0.284 times
28 Wed Aug 2024	2915.40	2913.95	2948.95	2852.05	0.159 times
27 Tue Aug 2024	2884.10	2899.00	2899.00	2852.00	0.3 times
26 Mon Aug 2024	2887.10	2865.15	2889.95	2843.65	0.073 times
23 Fri Aug 2024	2848.95	2869.00	2920.80	2812.55	0.142 times
22 Thu Aug 2024	2838.20	2815.05	2866.35	2785.00	8.029 times
21 Wed Aug 2024	2801.45	2751.00	2815.00	2745.85	0.426 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2907.5, but if it comes below 2907.5, then a intra day sell could be more profitable.
If you take a sell trade below 2907.5, then use 2907.5 as stoploss and 2814.43 as target. However if you take a buy trade in stock , then use 2907.5 as stoploss and 3019.1 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2300.40
Downside Target	2420.00
Downside Target	2520.35
Downside Target	2634.35
Downside Target	2736.00
Upside Target	2940.60
Upside Target	2948.95
Upside Target	2950.00
Upside Target	2979.50
Upside Target	3017.00
Upside Target	3045.00

Intraday share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Intraday Target	2860.77
Downside Intraday Target	2804.63
Upside Intraday Target	2976.27
Upside Intraday Target	3035.63
Upside Intraday Target	2920.13

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	2916.90	2943.35	2979.50	2864.00	0.825 times
30 Fri Aug 2024	2926.35	2865.15	2948.95	2843.65	0.099 times
23 Fri Aug 2024	2848.95	2652.05	2920.80	2634.35	7.15 times
16 Fri Aug 2024	2691.10	2798.95	2802.40	2520.35	1.31 times
09 Fri Aug 2024	2799.00	2864.10	2940.60	2736.00	1.615 times

Price has moved down 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
03 Tue Sep 2024	2916.90	2943.35	2979.50	2864.00	0.059 times
30 Fri Aug 2024	2926.35	2891.00	2950.00	2520.35	2.846 times
31 Wed Jul 2024	2915.45	2799.95	3045.00	2780.05	0.744 times
28 Fri Jun 2024	2777.80	2725.45	3017.00	2300.40	1.029 times

Scroll below to view daily charts

Price has moved down 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)

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 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 Ind ( (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 Ind stock for short term is BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Ind in short term and BUY signal is strong.

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

Stock of Lumax Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2847.66 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 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.