Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-08 View latest technical analysis

10 day averaged volume of Lumax Industries is 7793

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	2480.25	2396.85	2499.00	2396.85	0.78 times
07 Mon Oct 2024	2433.35	2493.10	2519.00	2391.50	0.597 times
04 Fri Oct 2024	2478.10	2484.00	2549.95	2462.35	0.956 times
03 Thu Oct 2024	2480.60	2585.40	2585.40	2472.00	1.092 times
01 Tue Oct 2024	2567.50	2608.40	2621.95	2550.00	0.938 times
30 Mon Sep 2024	2590.25	2600.45	2645.50	2538.55	1.296 times
27 Fri Sep 2024	2600.45	2662.25	2668.65	2565.05	1.468 times
26 Thu Sep 2024	2642.95	2690.05	2713.00	2586.70	1.535 times
25 Wed Sep 2024	2670.75	2761.55	2799.00	2661.50	0.785 times
24 Tue Sep 2024	2741.00	2800.00	2800.00	2736.00	0.292 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2543.3, but if it comes above 2543.3, then a intra day buy could be more profitable.
If you take a sell trade below 2543.3, then use 2543.3 as stoploss and 2394.9 as target. However if you take a buy trade in stock , then use 2543.3 as stoploss and 2666.86 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2391.50
Downside Target	2462.35
Upside Target	2519.00
Upside Target	2621.95
Upside Target	2770.00
Upside Target	2796.15
Upside Target	2800.00
Upside Target	2918.95
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	2408.17
Downside Intraday Target	2336.08
Upside Intraday Target	2535.67
Upside Intraday Target	2591.08
Downside Intraday Target	2463.58

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	2480.25	2493.10	2519.00	2391.50	0.322 times
04 Fri Oct 2024	2478.10	2600.45	2645.50	2462.35	0.836 times
27 Fri Sep 2024	2600.45	2783.90	2800.00	2565.05	1.327 times
20 Fri Sep 2024	2769.00	2749.35	2796.15	2673.70	0.626 times
13 Fri Sep 2024	2739.95	2899.80	2918.95	2675.50	0.664 times

Price has moved up 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
08 Tue Oct 2024	2480.25	2608.40	2621.95	2391.50	0.17 times
30 Mon Sep 2024	2590.25	2922.30	2995.00	2538.55	0.619 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

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Lumax Industries ( (LUMAXIND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Lumax Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Lumax Industries in short term and the sell signal is strong.

Lumax Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Lumax Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2567.17 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.