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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 2024-01-24 View latest technical analysis

10 day averaged volume of Lumax Industries is 8087

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	2429.25	2400.10	2462.40	2352.00	1.092 times
23 Tue Jan 2024	2437.90	2496.45	2524.00	2390.05	0.766 times
22 Mon Jan 2024	2477.25	2480.00	2520.00	2465.05	0.313 times
19 Fri Jan 2024	2475.45	2461.35	2520.00	2450.00	0.695 times
18 Thu Jan 2024	2460.95	2455.40	2467.45	2400.00	0.382 times
17 Wed Jan 2024	2439.50	2475.00	2493.45	2410.00	1.086 times
16 Tue Jan 2024	2472.75	2548.00	2558.65	2410.10	1.8 times
15 Mon Jan 2024	2546.50	2405.00	2589.75	2405.00	0.717 times
12 Fri Jan 2024	2564.40	2465.00	2615.00	2453.05	2.194 times
11 Thu Jan 2024	2452.70	2532.20	2570.85	2422.35	1.195 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2428.2 as stoploss in an intra day buy trade for a target of 2472.81. However, stock will show a bearish move below 2428.2.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2215.25
Downside Target	2352.00
Upside Target	2510.80
Upside Target	2524.00
Upside Target	2538.90
Upside Target	2589.75
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	2346.17
Downside Intraday Target	2263.08
Upside Intraday Target	2518.17
Upside Intraday Target	2607.08
Upside Intraday Target	2435.08

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	2429.25	2480.00	2524.00	2352.00	0.464 times
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

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
24 Wed Jan 2024	2429.25	2464.00	2842.70	2352.00	1.149 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 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 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 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 SELL. Signal strength is Weak and stock is losing 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 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2484.31 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.