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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 2024-09-13 View latest technical analysis

10 day averaged volume of Lumax Industries is 12003

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	2739.95	2713.75	2748.00	2685.55	0.585 times
12 Thu Sep 2024	2688.75	2806.15	2852.85	2675.50	1.52 times
11 Wed Sep 2024	2812.15	2877.40	2882.95	2810.00	0.185 times
10 Tue Sep 2024	2869.20	2862.20	2918.95	2841.85	1.099 times
09 Mon Sep 2024	2840.85	2899.80	2899.80	2822.35	0.617 times
06 Fri Sep 2024	2914.40	2995.00	2995.00	2880.00	1.424 times
05 Thu Sep 2024	2964.95	2973.35	2975.00	2873.90	1.153 times
04 Wed Sep 2024	2951.20	2891.00	2967.35	2891.00	0.528 times
03 Tue Sep 2024	2920.75	2913.50	2979.20	2899.10	1.397 times
02 Mon Sep 2024	2907.70	2922.30	2975.00	2861.30	1.528 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2789, but if it comes above 2789, then a intra day buy could be more profitable.
If you take a sell trade below 2789, then use 2789 as stoploss and 2703 as target. However if you take a buy trade in stock , then use 2789 as stoploss and 2860.65 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
Upside Target	2770.00
Upside Target	2949.60
Upside Target	2950.00
Upside Target	2955.00
Upside Target	2995.00
Upside Target	3018.00
Upside Target	3033.80

Intraday share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Intraday Target	2637.32
Downside Intraday Target	2534.68
Upside Intraday Target	2880.77
Upside Intraday Target	3021.58
Upside Intraday Target	2778.13

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	2739.95	2899.80	2918.95	2675.50	0.664 times
06 Fri Sep 2024	2914.40	2922.30	2995.00	2861.30	1.149 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

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
13 Fri Sep 2024	2739.95	2922.30	2995.00	2675.50	0.372 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

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 SELL signal for Lumax Industries in short term and SELL signal is strong!

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 2866.31 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.