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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 2024-02-19 View latest technical analysis

10 day averaged volume of Lumax Industries is 12366

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	2449.20	2392.65	2465.30	2392.65	1.155 times
16 Fri Feb 2024	2372.75	2377.00	2477.00	2340.00	1.226 times
15 Thu Feb 2024	2364.40	2290.00	2425.00	2290.00	1.536 times
14 Wed Feb 2024	2298.50	2226.00	2349.00	2207.15	0.818 times
13 Tue Feb 2024	2225.15	2260.05	2290.65	2174.75	1.178 times
12 Mon Feb 2024	2260.15	2404.95	2425.00	2202.70	1.836 times
09 Fri Feb 2024	2382.80	2482.80	2483.00	2325.00	0.59 times
08 Thu Feb 2024	2464.35	2496.95	2498.00	2450.00	0.519 times
07 Wed Feb 2024	2478.25	2463.00	2565.45	2425.00	0.974 times
06 Tue Feb 2024	2484.90	2465.00	2509.90	2433.05	0.329 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2482.1 as stoploss in an intra day sell trade for a target of 2408.78. However, stock will show a bullish move above 2482.1.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2174.75
Downside Target	2305.25
Upside Target	2477.00
Upside Target	2489.90
Upside Target	2524.00
Upside Target	2565.45
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	2406.13
Downside Intraday Target	2363.07
Upside Intraday Target	2478.78
Upside Intraday Target	2508.37
Downside Intraday Target	2435.72

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	2449.20	2392.65	2465.30	2392.65	0.175 times
16 Fri Feb 2024	2372.75	2404.95	2477.00	2174.75	1.936 times
09 Fri Feb 2024	2382.80	2394.00	2565.45	2325.00	1.065 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

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
19 Mon Feb 2024	2449.20	2478.50	2565.45	2174.75	0.91 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 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.

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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Lumax Industries stock for short term is BUY. Signal strength is Weak and stock is gaining 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 in or above 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 but selling 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 2355.74 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 has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.