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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 2024-01-19 View latest technical analysis

10 day averaged volume of Lumax Industries is 12753

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	2475.45	2461.35	2520.00	2450.00	0.441 times
18 Thu Jan 2024	2460.95	2455.40	2467.45	2400.00	0.242 times
17 Wed Jan 2024	2439.50	2475.00	2493.45	2410.00	0.689 times
16 Tue Jan 2024	2472.75	2548.00	2558.65	2410.10	1.142 times
15 Mon Jan 2024	2546.50	2405.00	2589.75	2405.00	0.455 times
12 Fri Jan 2024	2564.40	2465.00	2615.00	2453.05	1.391 times
11 Thu Jan 2024	2452.70	2532.20	2570.85	2422.35	0.758 times
10 Wed Jan 2024	2512.70	2573.75	2573.75	2500.05	0.54 times
09 Tue Jan 2024	2543.20	2410.00	2842.70	2410.00	3.287 times
08 Mon Jan 2024	2405.20	2429.90	2449.80	2386.05	0.457 times

My analysis of stock is bearish for shortterm, and stock might move down till 2436.7 or till 2385. Use a stoploss of 2479.83 and if the stock hits stoploss, then it can shoot up till 2522.95

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	2387.05
Downside Intraday Target	2298.65
Upside Intraday Target	2576.8
Upside Intraday Target	2678.15
Upside Intraday Target	2488.4

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	2475.45	2405.00	2589.75	2400.00	0.461 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
19 Fri Jan 2024	2475.45	2464.00	2842.70	2372.85	1.033 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 moving up

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

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

MRSI is in negative zone. This is the SELL 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 2509.29 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. 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.