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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 2024-09-27 View latest technical analysis

10 day averaged volume of Lumax Industries is 6557

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	2600.45	2662.25	2668.65	2565.05	1.744 times
26 Thu Sep 2024	2642.95	2690.05	2713.00	2586.70	1.824 times
25 Wed Sep 2024	2670.75	2761.55	2799.00	2661.50	0.933 times
24 Tue Sep 2024	2741.00	2800.00	2800.00	2736.00	0.347 times
23 Mon Sep 2024	2781.75	2783.90	2789.95	2728.55	1.238 times
20 Fri Sep 2024	2769.00	2718.90	2796.15	2705.85	1.115 times
19 Thu Sep 2024	2709.95	2728.75	2761.10	2673.70	0.627 times
18 Wed Sep 2024	2756.30	2773.60	2780.00	2702.05	1.131 times
17 Tue Sep 2024	2761.20	2769.30	2778.00	2726.65	0.482 times
16 Mon Sep 2024	2763.80	2749.35	2770.00	2714.75	1.233 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2565.5, for a target of 2688.2 or 2790.35

Share price targets for Lumax Industries (LUMAXIND)

Target Type	Value
Downside Target	2306.10
Downside Target	2401.00
Downside Target	2521.00
Upside Target	2673.70
Upside Target	2770.00
Upside Target	2918.95
Upside Target	2949.60
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	2510.33
Downside Intraday Target	2420.22
Upside Intraday Target	2745.28
Upside Intraday Target	2890.12
Upside Intraday Target	2655.17

Weekly technical analysis of Lumax Industries (LUMAXIND)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	2600.45	2783.90	2800.00	2565.05	1.327 times
20 Fri Sep 2024	2769.00	2749.35	2796.15	2673.70	0.626 times
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

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
27 Fri Sep 2024	2600.45	2922.30	2995.00	2565.05	0.588 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 2706.13 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.