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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 2024-08-08 View latest technical analysis

10 day averaged volume of Lumax Industries is 4632

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	2820.70	2771.10	2948.00	2750.10	5.943 times
07 Wed Aug 2024	2772.00	2801.75	2802.15	2754.00	1.046 times
06 Tue Aug 2024	2780.25	2817.75	2857.70	2738.70	1.418 times
05 Mon Aug 2024	2799.65	2861.00	2878.45	2778.05	1.594 times
02 Fri Aug 2024	2904.85	2860.65	2955.00	2860.25	0.819 times
01 Thu Aug 2024	2895.50	2908.50	2926.35	2871.00	0.431 times
31 Wed Jul 2024	2886.20	2933.05	2955.00	2880.00	1.644 times
30 Tue Jul 2024	2926.15	2882.00	2946.65	2882.00	0.762 times
29 Mon Jul 2024	2914.70	2896.75	2929.95	2880.00	0.66 times
26 Fri Jul 2024	2896.75	2890.45	2939.00	2882.00	1.063 times

Stock of Lumax Industries (LUMAXIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2823.2, but if it comes above 2823.2, then a intra day buy could be more profitable.
If you take a sell trade below 2823.2, then use 2823.2 as stoploss and 2758.9 as target. However if you take a buy trade in stock , then use 2823.2 as stoploss and 2876.75 as target.

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	2948.00
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	2723.6
Downside Intraday Target	2626.5
Upside Intraday Target	2932.9
Upside Intraday Target	3045.1
Upside Intraday Target	2835.8

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	2820.70	2861.00	2948.00	2738.70	2.317 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Industries (LUMAXIND)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	2820.70	2908.50	2955.00	2738.70	0.358 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Industries in short term but BUY 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

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 2839.57 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.