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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 2024-11-07 View latest technical analysis

10 day averaged volume of Lumax Industries is 4533

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	2548.70	2550.05	2573.40	2536.00	0.296 times
06 Wed Nov 2024	2554.25	2538.25	2569.95	2528.95	0.188 times
05 Tue Nov 2024	2540.45	2480.90	2568.95	2465.80	0.482 times
04 Mon Nov 2024	2493.65	2510.00	2591.95	2460.00	0.616 times
01 Fri Nov 2024	2502.95	2462.00	2536.05	2462.00	0.192 times
31 Thu Oct 2024	2467.35	2443.75	2495.90	2443.60	0.425 times
30 Wed Oct 2024	2443.75	2474.85	2486.85	2430.10	0.47 times
29 Tue Oct 2024	2478.45	2512.45	2512.45	2418.10	0.59 times
28 Mon Oct 2024	2508.25	2350.00	2569.00	2302.55	1.741 times
25 Fri Oct 2024	2351.50	2432.60	2432.60	2339.00	5.078 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2569.9 as stoploss in an intra day sell trade for a target of 2507.54. However, stock will show a bullish move above 2569.9.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2302.55
Downside Target	2391.50
Downside Target	2457.00
Downside Target	2521.00
Upside Target	2591.95
Upside Target	2609.00
Upside Target	2621.40
Upside Target	2621.95
Upside Target	2770.00
Upside Target	2955.00
Upside Target	2995.00
Upside Target	3018.00

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2475.15
Downside Intraday Target	2401.6
Upside Intraday Target	2607.1
Upside Intraday Target	2665.5
Downside Intraday Target	2533.55

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	2548.70	2510.00	2591.95	2460.00	0.463 times
01 Fri Nov 2024	2502.95	2350.00	2569.00	2302.55	0.357 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

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
07 Thu Nov 2024	2548.70	2462.00	2591.95	2460.00	0.07 times
31 Thu Oct 2024	2467.35	2608.40	2621.95	2302.55	0.576 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

Scroll below to view daily charts

Price has moved up 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 BUY. 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.

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 HIGHS, which reflects strong buying momentum in short term! 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 coming down

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

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 2425.38 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 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.