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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 2024-08-20 View latest technical analysis

10 day averaged volume of Lumax Industries is 16250

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	2781.20	2779.90	2794.60	2727.55	0.959 times
19 Mon Aug 2024	2777.65	2699.30	2790.00	2644.70	2.976 times
16 Fri Aug 2024	2690.15	2543.40	2717.95	2532.10	1.89 times
14 Wed Aug 2024	2535.35	2724.65	2724.65	2521.00	1.043 times
13 Tue Aug 2024	2713.95	2794.00	2800.00	2707.00	0.33 times
12 Mon Aug 2024	2793.15	2810.00	2821.50	2737.55	0.344 times
09 Fri Aug 2024	2801.05	2825.65	2834.80	2785.00	0.567 times
08 Thu Aug 2024	2820.70	2771.10	2948.00	2750.10	1.694 times
07 Wed Aug 2024	2772.00	2801.75	2802.15	2754.00	0.298 times
06 Tue Aug 2024	2780.25	2817.75	2857.70	2738.70	0.404 times

My analysis of stock is bearish for shortterm, and stock might move down till 2724.6 or till 2609.9. Use a stoploss of 2820.08 and if the stock hits stoploss, then it can shoot up till 2915.61

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2521.00
Downside Target	2644.70
Downside Target	2738.70
Upside Target	2910.00
Upside Target	2948.00
Upside Target	2955.00
Upside Target	2955.95
Upside Target	3018.00
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2685.73
Downside Intraday Target	2590.27
Upside Intraday Target	2835.63
Upside Intraday Target	2890.07
Downside Intraday Target	2740.17

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	2781.20	2699.30	2794.60	2644.70	1.091 times
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

Price has moved up 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
20 Tue Aug 2024	2781.20	2908.50	2955.00	2521.00	1.265 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 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2744.82 and Lumax Industries (LUMAXIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.