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

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

Lumax Industries trades in NSE in Auto Parts & Equipment sector.

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

10 day averaged volume of Lumax Industries is 13538

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	2840.85	2899.80	2899.80	2822.35	0.547 times
06 Fri Sep 2024	2914.40	2995.00	2995.00	2880.00	1.262 times
05 Thu Sep 2024	2964.95	2973.35	2975.00	2873.90	1.023 times
04 Wed Sep 2024	2951.20	2891.00	2967.35	2891.00	0.468 times
03 Tue Sep 2024	2920.75	2913.50	2979.20	2899.10	1.239 times
02 Mon Sep 2024	2907.70	2922.30	2975.00	2861.30	1.355 times
30 Fri Aug 2024	2922.30	2922.70	2939.95	2887.10	0.485 times
29 Thu Aug 2024	2923.85	2928.40	2949.60	2856.00	0.956 times
28 Wed Aug 2024	2906.45	2918.85	2948.25	2869.05	1.336 times
27 Tue Aug 2024	2889.95	2890.00	2905.75	2851.55	1.174 times

My analysis of stock is bearish for shortterm, and stock might move down till 2739.3 or till 2616.3. Use a stoploss of 2841.77 and if the stock hits stoploss, then it can shoot up till 2944.25

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2521.00
Downside Target	2644.70
Downside Target	2770.00
Upside Target	2949.60
Upside Target	2950.00
Upside Target	2955.00
Upside Target	2995.00
Upside Target	3018.00
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2808.87
Downside Intraday Target	2776.88
Upside Intraday Target	2886.32
Upside Intraday Target	2931.78
Upside Intraday Target	2854.33

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	2840.85	2899.80	2899.80	2822.35	0.102 times
06 Fri Sep 2024	2914.40	2922.30	2995.00	2861.30	1.149 times
30 Fri Aug 2024	2922.30	2899.00	2949.60	2830.00	0.447 times
23 Fri Aug 2024	2869.10	2699.30	2950.00	2644.70	2.404 times
16 Fri Aug 2024	2690.15	2810.00	2821.50	2521.00	1.055 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 Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	2840.85	2922.30	2995.00	2822.35	0.246 times
30 Fri Aug 2024	2922.30	2908.50	2955.00	2521.00	2.228 times
31 Wed Jul 2024	2886.20	2800.00	3018.00	2770.00	0.472 times
28 Fri Jun 2024	2780.30	2610.40	3033.80	2306.10	1.022 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 Industries (LUMAXIND)

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short 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 Industries ( (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 Industries ( (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 Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

Lumax Industries 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumax Industries in short term and SELL 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 Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2914.5 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Lumax Industries (LUMAXIND) stock. Volume based technical analysis of Lumax Industries (LUMAXIND) stock is negative.

Lumax Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.