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Stock analysis Lumax Industries Limited LUMAXIND

More indepth analysis on MunafaSutra.com

Moving Averages for Lumax Industries Limited

  • 5Day Average: 2529.94
  • 12Day Average: 2480.51
  • 20Day Average: 2481.06
  • 50Day Average: 2394.65
  • 100Day Average: 2441.48
  • 150Day Average: 2414.79
  • 200Day Average: 2360.22

LUMAXIND Indicators & signals

Indicator MACD (12,26,9)

2494.72, 2456.45, 32.51
Indicator MACD is in positive zone

Indicator ADX (14)

41, 28.22, 11.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of LUMAXIND Lumax Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 2551.95 2495.00 to 2574.00 0.9% 0.78 times
29 Mon Apr 2024 2529.25 2510.05 to 2766.90 0.6% 1.59 times
26 Fri Apr 2024 2514.25 2500.00 to 2579.00 -1.49% 0.29 times
25 Thu Apr 2024 2552.30 2501.20 to 2572.40 2.01% 1.13 times
24 Wed Apr 2024 2501.95 2465.65 to 2550.00 1.95% 1.15 times
23 Tue Apr 2024 2454.15 2423.35 to 2499.90 -0.15% 0.62 times
22 Mon Apr 2024 2457.95 2412.55 to 2475.00 1.39% 0.46 times
19 Fri Apr 2024 2424.15 2363.25 to 2494.80 2.2% 1.5 times
18 Thu Apr 2024 2372.00 2351.00 to 2492.90 -4.35% 2.37 times
16 Tue Apr 2024 2480.00 2439.05 to 2498.80 0.51% 0.41 times
15 Mon Apr 2024 2467.45 2386.65 to 2489.80 0.27% 0.48 times
12 Fri Apr 2024 2460.75 2452.65 to 2513.00 -1.35% 0.37 times

Technical analysis forecast of Lumax Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Lumax Industries Limited LUMAXIND at this time. Stock is rising and might rise more.

It appears as if Lumax Industries Limited LUMAXIND gave a large move recently.

Stock of Lumax Industries Limited (LUMAXIND) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Lumax Industries Limited 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 2568.2, for a target of 2514.8 or 2470.35

More indepth analysis on MunafaSutra.com