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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 2024-07-31 View latest technical analysis

10 day averaged volume of Lumax Industries is 5411

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	2886.20	2933.05	2955.00	2880.00	1.408 times
30 Tue Jul 2024	2926.15	2882.00	2946.65	2882.00	0.652 times
29 Mon Jul 2024	2914.70	2896.75	2929.95	2880.00	0.565 times
26 Fri Jul 2024	2896.75	2890.45	2939.00	2882.00	0.91 times
25 Thu Jul 2024	2909.65	2852.00	2921.35	2852.00	0.483 times
24 Wed Jul 2024	2899.60	2887.25	2910.00	2825.00	1.282 times
23 Tue Jul 2024	2903.15	2905.00	2925.00	2782.00	1.244 times
22 Mon Jul 2024	2904.95	2813.00	2955.95	2770.00	0.9 times
19 Fri Jul 2024	2828.90	2915.00	2917.35	2811.75	0.944 times
18 Thu Jul 2024	2915.85	2800.00	2935.00	2798.75	1.166 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 2869.6 as stoploss in an intra day buy trade for a target of 2908.18. However, stock will show a bearish move below 2869.6.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2130.00
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2766.90
Downside Target	2880.00
Upside Target	2955.00
Upside Target	2955.95
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	2859.13
Downside Intraday Target	2832.07
Upside Intraday Target	2934.13
Upside Intraday Target	2982.07
Upside Intraday Target	2907.07

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	2886.20	2896.75	2955.00	2880.00	0.545 times
26 Fri Jul 2024	2896.75	2813.00	2955.95	2770.00	0.973 times
19 Fri Jul 2024	2828.90	2910.80	2975.00	2793.30	0.85 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

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
31 Wed Jul 2024	2886.20	2800.00	3018.00	2770.00	0.472 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 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 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 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 in or below the green cloud Prices appear to be coming down

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 but selling is losing 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 2896.53 and Lumax Industries (LUMAXIND) stock is trading below this level. This means that stock is falling with high volumes. 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.