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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 2024-02-06 View latest technical analysis

10 day averaged volume of Lumax Industries is 7161

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	2484.90	2465.00	2509.90	2433.05	0.569 times
05 Mon Feb 2024	2456.85	2394.00	2540.00	2384.85	1.716 times
02 Fri Feb 2024	2394.70	2390.35	2477.80	2385.15	1.062 times
01 Thu Feb 2024	2365.00	2478.50	2489.90	2305.25	3.188 times
31 Wed Jan 2024	2459.40	2452.45	2480.00	2425.55	0.553 times
30 Tue Jan 2024	2452.45	2478.00	2483.95	2440.00	0.425 times
29 Mon Jan 2024	2466.15	2456.25	2475.00	2430.00	0.292 times
25 Thu Jan 2024	2456.25	2419.90	2470.00	2419.00	0.311 times
24 Wed Jan 2024	2429.25	2400.10	2462.40	2352.00	1.234 times
23 Tue Jan 2024	2437.90	2496.45	2524.00	2390.05	0.865 times

My analysis of stock is bullish for shortterm, and stock might move up till 2514.1 or till 2570.1. Use a stoploss of 2467.41 and if this stock hits its stoploss, then it can fall down till 2420.71

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	2524.00
Upside Target	2540.00
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	2399.83
Downside Intraday Target	2314.77
Upside Intraday Target	2554.98
Upside Intraday Target	2625.07
Downside Intraday Target	2469.92

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	2484.90	2394.00	2540.00	2384.85	0.414 times
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

Price has moved up 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
06 Tue Feb 2024	2484.90	2478.50	2540.00	2305.25	0.253 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 BUY signal for Lumax Industries in short term but the buy signal is initial and weak.

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. Bulls 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 and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 2418.55 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.