517206 NEWS why is Lumax Ind price falling or rising

517206 NEWS reasons for why stock price of Lumax Ind is falling or rising

517206 Lumax Ind is falling or rising technical reasons

Technical analysis forecast of Lumax Ind 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 Ind 517206 at this time. Stock is rising and might rise more.

It appears as if Lumax Ind 517206 gave a large move recently.

Stock of Lumax Ind (517206) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Lumax Ind is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Lumax Ind stays above 2388.3, but if it comes below 2388.3, then a intra day sell could be more profitable.
If you take a sell trade below 2388.3, then use 2388.3 as stoploss and 2328.05 as target. However if you take a buy trade in Lumax Ind, then use 2388.3 as stoploss and 2460.7 as target.

517206 Lumax Ind is falling or rising NEWS fundamental reasons

More announcements and NEWS

517206 Lumax Ind current price & indicator signals

Moving Averages for Lumax Ind

  • 5Day Average: 2350.69
  • 12Day Average: 2297.64
  • 20Day Average: 2313.09
  • 50Day Average: 2369.18
  • 100Day Average: 2442.02
  • 150Day Average: 2387.48
  • 200Day Average: 2324.24

517206 Indicators & signals

Indicator MACD (12,26,9)

2329.01, 2333.79, -21.61
Indicator MACD is in negative zone

Indicator ADX (14)

19.34, 27.32, 18.47
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 517206 Lumax Ind are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 2402.00 2380.00 to 2442.35 1.8% 1.01 times
27 Wed Mar 2024 2359.60 2339.30 to 2375.45 -0.02% 0.59 times
26 Tue Mar 2024 2360.05 2330.05 to 2360.90 2.13% 1.23 times
22 Fri Mar 2024 2310.90 2294.95 to 2362.25 -0.43% 1.77 times
21 Thu Mar 2024 2320.90 2309.00 to 2376.25 1.59% 0.41 times
20 Wed Mar 2024 2284.50 2263.75 to 2310.40 -0.29% 0.67 times
19 Tue Mar 2024 2291.10 2282.00 to 2322.05 -1.93% 0.52 times
18 Mon Mar 2024 2336.25 2258.70 to 2350.00 1.99% 0.48 times
15 Fri Mar 2024 2290.65 2207.00 to 2360.00 5.09% 1.67 times
14 Thu Mar 2024 2179.70 2130.15 to 2216.10 -0.83% 1.2 times
13 Wed Mar 2024 2197.90 2181.00 to 2305.35 -1.8% 1.45 times
12 Tue Mar 2024 2238.15 2191.95 to 2303.95 -0.84% 0.81 times

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517206 NEWS why is Lumax Ind price falling or rising

 

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