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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 2024-11-14 View latest technical analysis

10 day averaged volume of Lumax Industries is 7186

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	2285.05	2290.00	2329.95	2241.00	7.762 times
13 Wed Nov 2024	2302.20	2369.95	2416.80	2281.00	8.04 times
12 Tue Nov 2024	2459.40	2534.45	2556.90	2441.20	0.286 times
11 Mon Nov 2024	2538.45	2527.20	2560.00	2511.10	0.181 times
08 Fri Nov 2024	2540.25	2544.85	2549.00	2512.00	0.106 times
07 Thu Nov 2024	2548.70	2550.05	2573.40	2536.00	0.186 times
06 Wed Nov 2024	2554.25	2538.25	2569.95	2528.95	0.119 times
05 Tue Nov 2024	2540.45	2480.90	2568.95	2465.80	0.304 times
04 Mon Nov 2024	2493.65	2510.00	2591.95	2460.00	0.389 times
01 Fri Nov 2024	2502.95	2462.00	2536.05	2462.00	0.121 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2296.3, for a target of 2394.2 or 2475.77

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2241.00
Upside Target	2302.55
Upside Target	2457.00
Upside 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	2164.03
Downside Intraday Target	2043.02
Upside Intraday Target	2483.03
Upside Intraday Target	2681.02
Upside Intraday Target	2362.02

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	2285.05	2527.20	2560.00	2241.00	14.746 times
08 Fri Nov 2024	2540.25	2510.00	2591.95	2460.00	0.512 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	2285.05	2462.00	2591.95	2241.00	1.088 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 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 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 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 getting stronger in this stock.

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 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 2315.17 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.