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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 2024-10-22 View latest technical analysis

10 day averaged volume of Lumax Industries is 3739

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2500.60	2557.80	2587.50	2490.05	2.131 times
21 Mon Oct 2024	2586.40	2521.00	2609.00	2495.00	2.095 times
18 Fri Oct 2024	2555.15	2604.00	2604.00	2511.85	0.63 times
17 Thu Oct 2024	2589.35	2615.75	2621.40	2541.35	0.374 times
16 Wed Oct 2024	2596.30	2558.15	2607.75	2533.00	1.045 times
15 Tue Oct 2024	2556.85	2560.00	2575.40	2516.60	0.62 times
14 Mon Oct 2024	2551.20	2505.00	2560.00	2457.00	1.557 times
11 Fri Oct 2024	2466.90	2480.20	2507.75	2444.65	0.829 times
10 Thu Oct 2024	2461.75	2490.75	2502.30	2452.80	0.64 times
09 Wed Oct 2024	2471.80	2498.40	2530.00	2463.75	0.584 times

Stock of Lumax Industries (LUMAXIND) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2473.3 as stoploss in an intra day buy trade for a target of 2551.08. However, stock will show a bearish move below 2473.3.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2391.50
Downside Target	2457.00
Upside Target	2621.95
Upside Target	2645.50
Upside Target	2770.00
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	2457.43
Downside Intraday Target	2414.27
Upside Intraday Target	2576.38
Upside Intraday Target	2652.17
Upside Intraday Target	2533.22

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	2500.60	2521.00	2609.00	2490.05	1 times
18 Fri Oct 2024	2555.15	2505.00	2621.40	2457.00	0.859 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

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
22 Tue Oct 2024	2500.60	2608.40	2621.95	2391.50	0.365 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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 red color and prices are below the red 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 negative zone. This is the SELL 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 2537.86 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.