Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-02 View latest technical analysis

10 day averaged volume of Lumax Industries is 6042

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	2394.70	2390.35	2477.80	2385.15	1.259 times
01 Thu Feb 2024	2365.00	2478.50	2489.90	2305.25	3.778 times
31 Wed Jan 2024	2459.40	2452.45	2480.00	2425.55	0.655 times
30 Tue Jan 2024	2452.45	2478.00	2483.95	2440.00	0.504 times
29 Mon Jan 2024	2466.15	2456.25	2475.00	2430.00	0.346 times
25 Thu Jan 2024	2456.25	2419.90	2470.00	2419.00	0.369 times
24 Wed Jan 2024	2429.25	2400.10	2462.40	2352.00	1.462 times
23 Tue Jan 2024	2437.90	2496.45	2524.00	2390.05	1.025 times
22 Mon Jan 2024	2477.25	2480.00	2520.00	2465.05	0.419 times
19 Fri Jan 2024	2475.45	2461.35	2520.00	2450.00	0.93 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2411.5, but if it comes above 2411.5, then a intra day buy could be more profitable.
If you take a sell trade below 2411.5, then use 2411.5 as stoploss and 2351.9 as target. However if you take a buy trade in stock , then use 2411.5 as stoploss and 2461.18 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2305.25
Downside Target	2352.00
Upside Target	2489.90
Upside Target	2510.80
Upside Target	2524.00
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	2303.33
Downside Intraday Target	2211.97
Upside Intraday Target	2487.98
Upside Intraday Target	2581.27
Upside Intraday Target	2396.62

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	2394.70	2456.25	2489.90	2305.25	1.997 times
25 Thu Jan 2024	2456.25	2480.00	2524.00	2352.00	0.523 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

Price has moved down 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
02 Fri Feb 2024	2394.70	2478.50	2489.90	2305.25	0.165 times
31 Wed Jan 2024	2459.40	2464.00	2842.70	2352.00	1.224 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

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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Lumax Industries stock for short term is SELL. Signal strength is Strong 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 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 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 SELL signal in short term and selling is picking up 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 2414.35 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.