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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 2024-08-23 View latest technical analysis

10 day averaged volume of Lumax Industries is 21618

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	2869.10	2853.00	2950.00	2804.40	0.928 times
22 Thu Aug 2024	2843.75	2816.00	2870.00	2780.90	1.824 times
21 Wed Aug 2024	2804.60	2760.50	2834.00	2740.25	0.808 times
20 Tue Aug 2024	2781.20	2779.90	2794.60	2727.55	0.721 times
19 Mon Aug 2024	2777.65	2699.30	2790.00	2644.70	2.237 times
16 Fri Aug 2024	2690.15	2543.40	2717.95	2532.10	1.421 times
14 Wed Aug 2024	2535.35	2724.65	2724.65	2521.00	0.784 times
13 Tue Aug 2024	2713.95	2794.00	2800.00	2707.00	0.248 times
12 Mon Aug 2024	2793.15	2810.00	2821.50	2737.55	0.258 times
09 Fri Aug 2024	2801.05	2825.65	2834.80	2785.00	0.426 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2900.5 as stoploss in an intra day sell trade for a target of 2810.34. However, stock will show a bullish move above 2900.5.

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	2948.00
Upside Target	2950.00
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	2692.53
Downside Intraday Target	2515.97
Upside Intraday Target	2997.83
Upside Intraday Target	3126.57
Downside Intraday Target	2821.27

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	2869.10	2699.30	2950.00	2644.70	2.404 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, 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
23 Fri Aug 2024	2869.10	2908.50	2955.00	2521.00	1.794 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, and volume has increased substantially. This means that the move can 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 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 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 BUY signal for Lumax Industries in short term but the buy signal is initial and weak.

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

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 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 2768.7 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 is giving positive 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.