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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 2024-06-04 View latest technical analysis

10 day averaged volume of Lumax Industries is 24519

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	2468.10	2584.00	2585.55	2306.10	0.621 times
03 Mon Jun 2024	2585.55	2610.40	2644.00	2550.50	0.758 times
31 Fri May 2024	2569.00	2520.00	2628.00	2520.00	0.745 times
30 Thu May 2024	2532.55	2525.00	2571.45	2513.35	0.573 times
29 Wed May 2024	2529.00	2531.10	2587.95	2521.35	0.586 times
28 Tue May 2024	2538.75	2710.00	2739.00	2528.00	1.449 times
27 Mon May 2024	2674.55	2910.00	2910.00	2661.20	2.557 times
24 Fri May 2024	2856.85	2800.00	2889.70	2736.75	1.601 times
23 Thu May 2024	2760.50	2788.00	2800.00	2739.55	0.285 times
22 Wed May 2024	2769.85	2762.85	2778.00	2700.05	0.456 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2485.1, but if it comes above 2485.1, then a intra day buy could be more profitable.
If you take a sell trade below 2485.1, then use 2485.1 as stoploss and 2354.8 as target. However if you take a buy trade in stock , then use 2485.1 as stoploss and 2593.7 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2174.75
Downside Target	2306.10
Downside Target	2401.00
Upside Target	2513.35
Upside Target	2565.45
Upside Target	2644.00
Upside Target	2646.15
Upside Target	2766.90
Upside Target	2889.70
Upside Target	2910.00

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2301.47
Downside Intraday Target	2134.83
Upside Intraday Target	2639.37
Upside Intraday Target	2810.63
Upside Intraday Target	2472.73

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	2468.10	2610.40	2644.00	2306.10	0.233 times
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

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
04 Tue Jun 2024	2468.10	2610.40	2644.00	2306.10	0.112 times
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

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 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 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 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 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 Strong 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 weakening, and bulls are picking up momentum!

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 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 2645.7 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.