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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 2024-05-31 View latest technical analysis

10 day averaged volume of Lumax Industries is 21491

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	2569.00	2520.00	2628.00	2520.00	0.85 times
30 Thu May 2024	2532.55	2525.00	2571.45	2513.35	0.654 times
29 Wed May 2024	2529.00	2531.10	2587.95	2521.35	0.669 times
28 Tue May 2024	2538.75	2710.00	2739.00	2528.00	1.653 times
27 Mon May 2024	2674.55	2910.00	2910.00	2661.20	2.918 times
24 Fri May 2024	2856.85	2800.00	2889.70	2736.75	1.827 times
23 Thu May 2024	2760.50	2788.00	2800.00	2739.55	0.325 times
22 Wed May 2024	2769.85	2762.85	2778.00	2700.05	0.52 times
21 Tue May 2024	2740.90	2654.90	2775.00	2615.00	1.13 times
18 Sat May 2024	2615.65	2602.05	2646.15	2525.00	0.063 times

My analysis of stock is bearish for shortterm, and stock might move down till 2479.8 or till 2347.7. Use a stoploss of 2589.85 and if the stock hits stoploss, then it can shoot up till 2699.94

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
Downside Target	2565.45
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	2418.23
Downside Intraday Target	2267.47
Upside Intraday Target	2814.88
Upside Intraday Target	3060.77
Upside Intraday Target	2664.12

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	2569.00	2910.00	2910.00	2513.35	1.773 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	2569.00	2571.55	2910.00	2401.00	2.255 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 up 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 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 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 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 moving up

CCI has generated a buy signal for Lumax Industries in short term but BUY signal is weak.

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

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 2672.42 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 positive

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