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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 2024-10-15 View latest technical analysis

10 day averaged volume of Lumax Industries is 5760

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	2556.85	2560.00	2575.40	2516.60	0.403 times
14 Mon Oct 2024	2551.20	2505.00	2560.00	2457.00	1.011 times
11 Fri Oct 2024	2466.90	2480.20	2507.75	2444.65	0.538 times
10 Thu Oct 2024	2461.75	2490.75	2502.30	2452.80	0.415 times
09 Wed Oct 2024	2471.80	2498.40	2530.00	2463.75	0.379 times
08 Tue Oct 2024	2480.25	2396.85	2499.00	2396.85	1.056 times
07 Mon Oct 2024	2433.35	2493.10	2519.00	2391.50	0.808 times
04 Fri Oct 2024	2478.10	2484.00	2549.95	2462.35	1.294 times
03 Thu Oct 2024	2480.60	2585.40	2585.40	2472.00	1.477 times
01 Tue Oct 2024	2567.50	2608.40	2621.95	2550.00	1.269 times

My analysis of stock is bearish for shortterm, and stock might move down till 2480.1 or till 2338. Use a stoploss of 2598.6 and if the stock hits stoploss, then it can shoot up till 2717.06

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2391.50
Downside Target	2457.00
Downside Target	2521.00
Upside Target	2673.70
Upside Target	2770.00
Upside Target	2796.15
Upside Target	2800.00
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	2484.1
Downside Intraday Target	2411.35
Upside Intraday Target	2602.5
Upside Intraday Target	2648.15
Downside Intraday Target	2529.75

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	2556.85	2505.00	2575.40	2457.00	0.442 times
11 Fri Oct 2024	2466.90	2493.10	2530.00	2391.50	0.552 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

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
15 Tue Oct 2024	2556.85	2608.40	2621.95	2391.50	0.248 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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

CCI has generated a buy signal for Lumax Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 2498.18 and Lumax Industries (LUMAXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.