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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 2024-05-09 View latest technical analysis

10 day averaged volume of Lumax Industries is 8768

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	2456.15	2545.40	2545.40	2441.00	0.246 times
08 Wed May 2024	2532.50	2490.40	2612.50	2460.10	1.692 times
07 Tue May 2024	2471.25	2530.00	2563.60	2424.55	1.317 times
06 Mon May 2024	2505.45	2561.85	2570.85	2471.55	0.675 times
03 Fri May 2024	2541.75	2602.10	2609.95	2521.05	0.617 times
02 Thu May 2024	2591.10	2571.55	2619.00	2530.05	0.782 times
30 Tue Apr 2024	2551.95	2495.00	2574.00	2495.00	0.773 times
29 Mon Apr 2024	2529.25	2578.90	2766.90	2510.05	1.587 times
26 Fri Apr 2024	2514.25	2579.00	2579.00	2500.00	0.285 times
25 Thu Apr 2024	2552.30	2518.40	2572.40	2501.20	1.129 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 2444.4 as stoploss in an intra day buy trade for a target of 2493.84. However, stock will show a bearish move below 2444.4.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2351.00
Downside Target	2412.55
Upside Target	2549.00
Upside Target	2565.45
Upside Target	2579.00
Upside Target	2612.50
Upside Target	2619.00
Upside Target	2766.90
Upside Target	2842.70

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2382.97
Downside Intraday Target	2309.78
Upside Intraday Target	2570.92
Upside Intraday Target	2685.68
Upside Intraday Target	2497.73

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	2456.15	2561.85	2612.50	2424.55	1.046 times
03 Fri May 2024	2541.75	2578.90	2766.90	2495.00	1.034 times
26 Fri Apr 2024	2514.25	2442.75	2579.00	2412.55	0.768 times
19 Fri Apr 2024	2424.15	2430.00	2498.80	2351.00	2.881 times
12 Fri Apr 2024	2460.75	2518.85	2549.00	2452.65	0.572 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
09 Thu May 2024	2456.15	2571.55	2619.00	2424.55	0.35 times
30 Tue Apr 2024	2551.95	2410.00	2766.90	2351.00	0.77 times
28 Thu Mar 2024	2411.70	2330.55	2447.90	2130.00	0.775 times
29 Thu Feb 2024	2312.95	2478.50	2565.45	2174.75	1.212 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 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 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 mid to longer 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.

ADX buy sell signal for Lumax Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Lumax Industries in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 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 2528.2 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 positive

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