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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 2024-10-28 View latest technical analysis

10 day averaged volume of Lumax Industries is 5926

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2508.25	2350.00	2569.00	2302.55	1.331 times
25 Fri Oct 2024	2351.50	2432.60	2432.60	2339.00	3.884 times
24 Thu Oct 2024	2414.45	2460.00	2460.00	2405.05	0.166 times
23 Wed Oct 2024	2444.20	2433.00	2484.40	2412.35	0.616 times
22 Tue Oct 2024	2500.60	2557.80	2587.50	2490.05	1.344 times
21 Mon Oct 2024	2586.40	2521.00	2609.00	2495.00	1.322 times
18 Fri Oct 2024	2555.15	2604.00	2604.00	2511.85	0.398 times
17 Thu Oct 2024	2589.35	2615.75	2621.40	2541.35	0.236 times
16 Wed Oct 2024	2596.30	2558.15	2607.75	2533.00	0.659 times
15 Tue Oct 2024	2556.85	2560.00	2575.40	2516.60	0.391 times

My analysis of stock is bullish for shortterm, and stock might move up till 2570.4 or till 2649.8. Use a stoploss of 2504.24 and if this stock hits its stoploss, then it can fall down till 2438.08

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2302.55
Downside Target	2391.50
Downside Target	2457.00
Upside Target	2521.00
Upside Target	2621.40
Upside Target	2621.95
Upside Target	2645.50
Upside Target	2770.00
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	2350.87
Downside Intraday Target	2193.48
Upside Intraday Target	2617.32
Upside Intraday Target	2726.38
Downside Intraday Target	2459.93

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	2508.25	2350.00	2569.00	2302.55	0.182 times
25 Fri Oct 2024	2351.50	2521.00	2609.00	2339.00	2.749 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

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
28 Mon Oct 2024	2508.25	2608.40	2621.95	2302.55	0.543 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 Weak and stock is losing momentum.

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

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

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 in or above 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 BUY signal in short term and the buying is gaining 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 2464.19 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.