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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 2024-03-07 View latest technical analysis

10 day averaged volume of Lumax Industries is 5268

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	2302.05	2331.25	2341.35	2285.00	1.336 times
06 Wed Mar 2024	2313.45	2376.45	2376.45	2280.10	1.095 times
05 Tue Mar 2024	2376.45	2398.40	2421.90	2362.70	0.281 times
04 Mon Mar 2024	2405.70	2368.00	2434.00	2330.10	1.345 times
02 Sat Mar 2024	2373.65	2352.05	2400.10	2352.00	0.159 times
01 Fri Mar 2024	2349.85	2330.55	2378.95	2330.55	1.338 times
29 Thu Feb 2024	2312.95	2340.45	2348.00	2261.75	1.076 times
28 Wed Feb 2024	2333.90	2381.45	2381.45	2325.10	0.569 times
27 Tue Feb 2024	2363.70	2390.00	2391.20	2358.70	0.521 times
26 Mon Feb 2024	2373.75	2350.00	2415.50	2350.00	0.763 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 2298.5 as stoploss in an intra day buy trade for a target of 2352.23. However, stock will show a bearish move below 2298.5.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2121.00
Downside Target	2174.75
Downside Target	2261.75
Upside Target	2434.00
Upside Target	2477.00
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	2243.43
Downside Intraday Target	2184.82
Upside Intraday Target	2397.33
Upside Intraday Target	2492.62
Upside Intraday Target	2338.72

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	2302.05	2368.00	2434.00	2280.10	0.917 times
02 Sat Mar 2024	2373.65	2350.00	2415.50	2261.75	0.427 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

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
07 Thu Mar 2024	2302.05	2330.55	2434.00	2280.10	0.131 times
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

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 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 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 negative zone. This is the SELL 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 2345.06 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.