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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 2024-07-09 View latest technical analysis

10 day averaged volume of Lumax Industries is 9035

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	2967.40	2981.90	2981.90	2927.60	0.468 times
08 Mon Jul 2024	2959.30	3018.00	3018.00	2945.00	1.407 times
05 Fri Jul 2024	2927.80	2920.60	2952.70	2891.00	0.711 times
04 Thu Jul 2024	2920.35	2901.20	2977.70	2875.00	2.361 times
03 Wed Jul 2024	2900.35	2896.45	2923.90	2836.05	0.766 times
02 Tue Jul 2024	2874.25	2790.40	2888.00	2790.40	0.879 times
01 Mon Jul 2024	2809.85	2800.00	2820.00	2775.15	0.456 times
28 Fri Jun 2024	2780.30	2785.90	2839.35	2757.55	0.498 times
27 Thu Jun 2024	2772.75	2806.40	2806.40	2742.20	0.768 times
26 Wed Jun 2024	2791.35	2852.00	2852.85	2780.00	0.95 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2987, for a target of 2914.3 or 2853.72

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2627.30
Downside Target	2742.20
Downside Target	2895.10
Downside Target	2924.70
Downside Target	2927.60
Upside Target	2977.70
Upside Target	3018.00
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2924
Downside Intraday Target	2880.6
Upside Intraday Target	3014.4
Upside Intraday Target	3061.4
Upside Intraday Target	2971

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	2967.40	3018.00	3018.00	2927.60	0.363 times
05 Fri Jul 2024	2927.80	2800.00	2977.70	2775.15	1.251 times
28 Fri Jun 2024	2780.30	2846.15	2895.10	2742.20	0.365 times
21 Fri Jun 2024	2846.15	2824.75	3033.80	2792.55	1.114 times
14 Fri Jun 2024	2819.80	2735.00	2924.70	2627.30	1.194 times

Price has moved up 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 Tue Jul 2024	2967.40	2800.00	3018.00	2775.15	0.207 times
28 Fri Jun 2024	2780.30	2610.40	3033.80	2306.10	1.022 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

Scroll below to view daily charts

Price has moved up 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 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Lumax Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2884.74 and Lumax Industries (LUMAXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.