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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 2024-01-15 View latest technical analysis

10 day averaged volume of Lumax Industries is 11823

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	2546.50	2405.00	2589.75	2405.00	0.49 times
12 Fri Jan 2024	2564.40	2465.00	2615.00	2453.05	1.5 times
11 Thu Jan 2024	2452.70	2532.20	2570.85	2422.35	0.817 times
10 Wed Jan 2024	2512.70	2573.75	2573.75	2500.05	0.583 times
09 Tue Jan 2024	2543.20	2410.00	2842.70	2410.00	3.545 times
08 Mon Jan 2024	2405.20	2429.90	2449.80	2386.05	0.493 times
05 Fri Jan 2024	2411.85	2427.30	2449.00	2372.85	1.121 times
04 Thu Jan 2024	2420.35	2474.90	2498.85	2412.00	0.702 times
03 Wed Jan 2024	2456.00	2450.00	2499.95	2436.05	0.536 times
02 Tue Jan 2024	2458.80	2499.95	2510.80	2444.75	0.372 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2532.5, but if it comes below 2532.5, then a intra day sell could be more profitable.
If you take a sell trade below 2532.5, then use 2532.5 as stoploss and 2485.89 as target. However if you take a buy trade in stock , then use 2532.5 as stoploss and 2588.4 as target.

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
Downside Target	2538.90
Upside Target	2589.75
Upside Target	2596.05
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	2437.75
Downside Intraday Target	2329
Upside Intraday Target	2622.5
Upside Intraday Target	2698.5
Downside Intraday Target	2513.75

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	2546.50	2405.00	2589.75	2405.00	0.071 times
12 Fri Jan 2024	2564.40	2429.90	2842.70	2386.05	2.267 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

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
15 Mon Jan 2024	2546.50	2464.00	2842.70	2372.85	0.821 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 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 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 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 losing momentum.

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

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

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. 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 and the buying is gaining 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 2500.08 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.