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Stock analysis Lumax Industries Limited LUMAXIND

More indepth analysis on MunafaSutra.com

Moving Averages for Lumax Industries Limited

  • 5Day Average: 2355.65
  • 12Day Average: 2329.64
  • 20Day Average: 2292.8
  • 50Day Average: 2198.82
  • 100Day Average: 2124.62
  • 150Day Average: 2008.07
  • 200Day Average: 1947.46

LUMAXIND Indicators & signals

Indicator MACD (12,26,9)

2328.26, 2273.65, 47.37
Indicator MACD is in positive zone

Indicator ADX (14)

52.61, 28.72, 8.92
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
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
21 Thu Sep 2023 2389.85 2352.00 to 2467.00 -1.83% 0.76 times
20 Wed Sep 2023 2434.35 2350.10 to 2474.95 2.67% 2.47 times
18 Mon Sep 2023 2371.05 2302.45 to 2379.90 2.98% 1.01 times
15 Fri Sep 2023 2302.50 2281.85 to 2322.00 0.96% 0.25 times
14 Thu Sep 2023 2280.50 2254.00 to 2314.95 0.4% 0.36 times
13 Wed Sep 2023 2271.45 2236.90 to 2340.00 0.7% 0.45 times
12 Tue Sep 2023 2255.60 2215.25 to 2355.00 -3.56% 0.73 times
11 Mon Sep 2023 2338.75 2310.80 to 2361.85 0.04% 0.59 times
08 Fri Sep 2023 2337.85 2310.80 to 2380.00 0.12% 0.62 times
07 Thu Sep 2023 2335.00 2306.65 to 2480.00 -0.86% 2.73 times
06 Wed Sep 2023 2355.20 2277.00 to 2363.90 3.14% 0.78 times
05 Tue Sep 2023 2283.60 2266.05 to 2313.45 -0.68% 0.42 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!

My analysis of Lumax Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Lumax Industries Limited stays above 2359.7, but if it comes below 2359.7, then a intra day sell could be more profitable.
If you take a sell trade below 2359.7, then use 2359.7 as stoploss and 2294.13 as target. However if you take a buy trade in Lumax Industries Limited, then use 2359.7 as stoploss and 2438.4 as target.

More indepth analysis on MunafaSutra.com