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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 2024-02-29 View latest technical analysis

10 day averaged volume of Lumax Industries is 9853

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	2312.95	2340.45	2348.00	2261.75	0.575 times
28 Wed Feb 2024	2333.90	2381.45	2381.45	2325.10	0.304 times
27 Tue Feb 2024	2363.70	2390.00	2391.20	2358.70	0.278 times
26 Mon Feb 2024	2373.75	2350.00	2415.50	2350.00	0.408 times
23 Fri Feb 2024	2350.10	2393.95	2520.00	2306.70	1.525 times
22 Thu Feb 2024	2382.40	2400.00	2428.95	2356.15	0.46 times
21 Wed Feb 2024	2410.90	2430.00	2449.30	2380.00	0.944 times
20 Tue Feb 2024	2425.65	2460.50	2507.45	2412.50	1.164 times
19 Mon Feb 2024	2449.20	2392.65	2465.30	2392.65	1.449 times
16 Fri Feb 2024	2372.75	2377.00	2477.00	2340.00	1.539 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 2310.4 as stoploss in an intra day buy trade for a target of 2379.27. However, stock will show a bearish move below 2310.4.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2099.00
Downside Target	2174.75
Downside Target	2261.75
Upside Target	2477.00
Upside Target	2489.90
Upside Target	2520.00
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	2244.63
Downside Intraday Target	2176.32
Upside Intraday Target	2398.38
Upside Intraday Target	2483.82
Upside Intraday Target	2330.07

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	2312.95	2350.00	2415.50	2261.75	0.283 times
23 Fri Feb 2024	2350.10	2392.65	2520.00	2306.70	0.67 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

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
29 Thu Feb 2024	2312.95	2478.50	2565.45	2174.75	1.212 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 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 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 SELL. Signal strength is Weak 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 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 2387.78 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 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.