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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 2024-07-16 View latest technical analysis

10 day averaged volume of Lumax Industries is 7951

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	2802.40	2881.00	2900.00	2793.30	1.262 times
15 Mon Jul 2024	2878.95	2910.80	2975.00	2875.00	0.673 times
12 Fri Jul 2024	2955.15	2903.00	2960.00	2880.05	0.627 times
11 Thu Jul 2024	2939.60	2926.45	2949.00	2906.80	0.389 times
10 Wed Jul 2024	2926.45	2953.70	2953.70	2880.00	0.821 times
09 Tue Jul 2024	2967.40	2981.90	2981.90	2927.60	0.532 times
08 Mon Jul 2024	2959.30	3018.00	3018.00	2945.00	1.599 times
05 Fri Jul 2024	2927.80	2920.60	2952.70	2891.00	0.808 times
04 Thu Jul 2024	2920.35	2901.20	2977.70	2875.00	2.683 times
03 Wed Jul 2024	2900.35	2896.45	2923.90	2836.05	0.87 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2814.1, but if it comes above 2814.1, then a intra day buy could be more profitable.
If you take a sell trade below 2814.1, then use 2814.1 as stoploss and 2740.7 as target. However if you take a buy trade in stock , then use 2814.1 as stoploss and 2875.18 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2742.20
Upside Target	2880.00
Upside Target	2910.00
Upside Target	2975.00
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	2738.8
Downside Intraday Target	2675.2
Upside Intraday Target	2920.5
Upside Intraday Target	3038.6
Upside Intraday Target	2856.9

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	2802.40	2910.80	2975.00	2793.30	0.488 times
12 Fri Jul 2024	2955.15	3018.00	3018.00	2880.00	0.675 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

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
16 Tue Jul 2024	2802.40	2800.00	3018.00	2775.15	0.304 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 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 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 losing momentum.

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

Lumax Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 2913.87 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.