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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 2024-09-02 View latest technical analysis

10 day averaged volume of Lumax Industries is 20387

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	2907.70	2922.30	2975.00	2861.30	0.9 times
30 Fri Aug 2024	2922.30	2922.70	2939.95	2887.10	0.322 times
29 Thu Aug 2024	2923.85	2928.40	2949.60	2856.00	0.635 times
28 Wed Aug 2024	2906.45	2918.85	2948.25	2869.05	0.887 times
27 Tue Aug 2024	2889.95	2890.00	2905.75	2851.55	0.78 times
26 Mon Aug 2024	2884.15	2899.00	2899.00	2830.00	0.465 times
23 Fri Aug 2024	2869.10	2853.00	2950.00	2804.40	0.984 times
22 Thu Aug 2024	2843.75	2816.00	2870.00	2780.90	1.934 times
21 Wed Aug 2024	2804.60	2760.50	2834.00	2740.25	0.856 times
20 Tue Aug 2024	2781.20	2779.90	2794.60	2727.55	0.764 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2901.6, but if it comes below 2901.6, then a intra day sell could be more profitable.
If you take a sell trade below 2901.6, then use 2901.6 as stoploss and 2810.85 as target. However if you take a buy trade in stock , then use 2901.6 as stoploss and 3010.5 as target.

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	2949.60
Upside Target	2950.00
Upside Target	2955.00
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	2854.33
Downside Intraday Target	2800.97
Upside Intraday Target	2968.03
Upside Intraday Target	3028.37
Upside Intraday Target	2914.67

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	2907.70	2922.30	2975.00	2861.30	0.291 times
30 Fri Aug 2024	2922.30	2899.00	2949.60	2830.00	0.447 times
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

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
02 Mon Sep 2024	2907.70	2922.30	2975.00	2861.30	0.057 times
30 Fri Aug 2024	2922.30	2908.50	2955.00	2521.00	2.228 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

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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Lumax Industries in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumax Industries in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 2865.77 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 positive

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