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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 2024-01-10 View latest technical analysis

10 day averaged volume of Lumax Industries is 10443

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	2512.70	2573.75	2573.75	2500.05	0.66 times
09 Tue Jan 2024	2543.20	2410.00	2842.70	2410.00	4.014 times
08 Mon Jan 2024	2405.20	2429.90	2449.80	2386.05	0.559 times
05 Fri Jan 2024	2411.85	2427.30	2449.00	2372.85	1.269 times
04 Thu Jan 2024	2420.35	2474.90	2498.85	2412.00	0.795 times
03 Wed Jan 2024	2456.00	2450.00	2499.95	2436.05	0.607 times
02 Tue Jan 2024	2458.80	2499.95	2510.80	2444.75	0.422 times
01 Mon Jan 2024	2484.40	2464.00	2505.40	2460.00	0.372 times
29 Fri Dec 2023	2479.75	2523.35	2523.35	2460.00	0.51 times
28 Thu Dec 2023	2527.35	2487.60	2538.90	2465.05	0.932 times

My analysis of stock is bullish for shortterm, and stock might move up till 2560.6 or till 2635.2. Use a stoploss of 2498.41 and if this stock hits its stoploss, then it can fall down till 2436.24

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2215.25
Downside Target	2372.85
Downside Target	2510.80
Upside Target	2538.90
Upside Target	2596.05
Upside Target	2694.80
Upside Target	2793.85
Upside Target	2798.95
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2318.27
Downside Intraday Target	2123.83
Upside Intraday Target	2774.92
Upside Intraday Target	3037.13
Upside Intraday Target	2580.48

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	2512.70	2429.90	2842.70	2386.05	1.51 times
05 Fri Jan 2024	2411.85	2464.00	2510.80	2372.85	1.395 times
29 Fri Dec 2023	2479.75	2515.30	2538.90	2460.00	0.796 times
22 Fri Dec 2023	2496.10	2549.35	2596.05	2398.00	0.801 times
15 Fri Dec 2023	2549.35	2676.45	2694.80	2506.70	0.996 times

Price has moved up 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
10 Wed Jan 2024	2512.70	2464.00	2842.70	2372.85	0.601 times
29 Fri Dec 2023	2479.75	2754.90	2793.85	2398.00	0.38 times
30 Thu Nov 2023	2748.25	2172.00	2798.95	2121.00	3.571 times
31 Tue Oct 2023	2151.95	2352.30	2435.00	2099.00	0.364 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 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 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 mid to longer 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.

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 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumax Industries in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 2492 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.