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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 2024-01-16 View latest technical analysis

10 day averaged volume of Lumax Industries is 12014

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	2472.75	2548.00	2558.65	2410.10	1.212 times
15 Mon Jan 2024	2546.50	2405.00	2589.75	2405.00	0.483 times
12 Fri Jan 2024	2564.40	2465.00	2615.00	2453.05	1.477 times
11 Thu Jan 2024	2452.70	2532.20	2570.85	2422.35	0.804 times
10 Wed Jan 2024	2512.70	2573.75	2573.75	2500.05	0.573 times
09 Tue Jan 2024	2543.20	2410.00	2842.70	2410.00	3.489 times
08 Mon Jan 2024	2405.20	2429.90	2449.80	2386.05	0.486 times
05 Fri Jan 2024	2411.85	2427.30	2449.00	2372.85	1.103 times
04 Thu Jan 2024	2420.35	2474.90	2498.85	2412.00	0.691 times
03 Wed Jan 2024	2456.00	2450.00	2499.95	2436.05	0.527 times

My analysis of stock is bearish for shortterm, and stock might move down till 2437.5 or till 2383.1. Use a stoploss of 2482.85 and if the stock hits stoploss, then it can shoot up till 2528.21

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2215.25
Downside Target	2372.85
Upside Target	2510.80
Upside 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	2388.58
Downside Intraday Target	2304.42
Upside Intraday Target	2573.33
Upside Intraday Target	2673.92
Upside Intraday Target	2489.17

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	2472.75	2405.00	2589.75	2405.00	0.248 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
16 Tue Jan 2024	2472.75	2464.00	2842.70	2372.85	0.917 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 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 BUY signal in short term but buying 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 2498.43 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 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.