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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 2024-08-16 View latest technical analysis

10 day averaged volume of Lumax Industries is 8922

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2690.15	2543.40	2717.95	2532.10	3.443 times
14 Wed Aug 2024	2535.35	2724.65	2724.65	2521.00	1.9 times
13 Tue Aug 2024	2713.95	2794.00	2800.00	2707.00	0.601 times
12 Mon Aug 2024	2793.15	2810.00	2821.50	2737.55	0.626 times
09 Fri Aug 2024	2801.05	2825.65	2834.80	2785.00	1.033 times
08 Thu Aug 2024	2820.70	2771.10	2948.00	2750.10	3.085 times
07 Wed Aug 2024	2772.00	2801.75	2802.15	2754.00	0.543 times
06 Tue Aug 2024	2780.25	2817.75	2857.70	2738.70	0.736 times
05 Mon Aug 2024	2799.65	2861.00	2878.45	2778.05	0.827 times
02 Fri Aug 2024	2904.85	2860.65	2955.00	2860.25	0.425 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 2732.7, but if it comes above 2732.7, then a intra day buy could be more profitable.
If you take a sell trade below 2732.7, then use 2732.7 as stoploss and 2617.3 as target. However if you take a buy trade in stock , then use 2732.7 as stoploss and 2828.83 as target.

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2521.00
Upside Target	2738.70
Upside Target	2910.00
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	2533.6
Downside Intraday Target	2377.05
Upside Intraday Target	2834.1
Upside Intraday Target	2978.05
Downside Intraday Target	2677.55

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	2690.15	2810.00	2821.50	2521.00	1.055 times
09 Fri Aug 2024	2801.05	2861.00	2948.00	2738.70	2.778 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

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 Fri Aug 2024	2690.15	2908.50	2955.00	2521.00	0.825 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 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 Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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

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 2735.14 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.