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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 2024-08-07 View latest technical analysis

10 day averaged volume of Lumax Industries is 4841

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	2772.00	2801.75	2802.15	2754.00	1.001 times
06 Tue Aug 2024	2780.25	2817.75	2857.70	2738.70	1.357 times
05 Mon Aug 2024	2799.65	2861.00	2878.45	2778.05	1.525 times
02 Fri Aug 2024	2904.85	2860.65	2955.00	2860.25	0.784 times
01 Thu Aug 2024	2895.50	2908.50	2926.35	2871.00	0.412 times
31 Wed Jul 2024	2886.20	2933.05	2955.00	2880.00	1.573 times
30 Tue Jul 2024	2926.15	2882.00	2946.65	2882.00	0.729 times
29 Mon Jul 2024	2914.70	2896.75	2929.95	2880.00	0.632 times
26 Fri Jul 2024	2896.75	2890.45	2939.00	2882.00	1.017 times
25 Thu Jul 2024	2909.65	2852.00	2921.35	2852.00	0.54 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2765.4, for a target of 2829 or 2882.04

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2738.70
Upside Target	2860.25
Upside Target	2910.00
Upside Target	2955.00
Upside Target	2955.95
Upside Target	2975.00
Upside Target	3018.00
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2714.32
Downside Intraday Target	2656.63
Upside Intraday Target	2854.07
Upside Intraday Target	2936.13
Upside Intraday Target	2796.38

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	2772.00	2861.00	2878.45	2738.70	0.94 times
02 Fri Aug 2024	2904.85	2896.75	2955.00	2860.25	0.767 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

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
07 Wed Aug 2024	2772.00	2908.50	2955.00	2738.70	0.169 times
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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Lumax Industries stock for short term is SELL. Signal strength is Strong 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 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 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 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 2854.74 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 negative.

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