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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 2024-05-29 View latest technical analysis

10 day averaged volume of Lumax Industries is 19558

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	2529.00	2531.10	2587.95	2521.35	0.735 times
28 Tue May 2024	2538.75	2710.00	2739.00	2528.00	1.816 times
27 Mon May 2024	2674.55	2910.00	2910.00	2661.20	3.206 times
24 Fri May 2024	2856.85	2800.00	2889.70	2736.75	2.007 times
23 Thu May 2024	2760.50	2788.00	2800.00	2739.55	0.357 times
22 Wed May 2024	2769.85	2762.85	2778.00	2700.05	0.572 times
21 Tue May 2024	2740.90	2654.90	2775.00	2615.00	1.242 times
18 Sat May 2024	2615.65	2602.05	2646.15	2525.00	0.07 times
17 Fri May 2024	2626.25	2572.80	2638.90	2566.05	0.265 times
16 Thu May 2024	2569.10	2511.45	2575.00	2509.30	0.222 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 2481.7 as stoploss in an intra day buy trade for a target of 2591.42. However, stock will show a bearish move below 2481.7.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2351.00
Downside Target	2401.00
Upside Target	2615.00
Upside Target	2646.15
Upside Target	2766.90
Upside Target	2842.70
Upside Target	2889.70
Upside Target	2910.00

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2396.9
Downside Intraday Target	2264.8
Upside Intraday Target	2785.55
Upside Intraday Target	3042.1
Upside Intraday Target	2653.45

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	2529.00	2910.00	2910.00	2521.35	1.378 times
24 Fri May 2024	2856.85	2654.90	2889.70	2615.00	3.335 times
18 Sat May 2024	2615.65	2513.95	2646.15	2450.65	0.644 times
10 Fri May 2024	2494.75	2561.85	2612.50	2401.00	1.154 times
03 Fri May 2024	2541.75	2578.90	2766.90	2495.00	1.034 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 Wed May 2024	2529.00	2571.55	2910.00	2401.00	2.013 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, and volume has increased substantially. This means that the move can 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 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 SELL. Signal strength is Weak and stock is gaining 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 but selling is losing 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 2687.86 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 is giving positive 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.