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(LumaxInd) Lumax Ind complete technical analysis [charts+indicators] | Buy/Sell Lumax Ind | (LumaxInd) share price targets

Complete technical analysis of Lumax Ind (LumaxInd) by charts plus indicators, forecast predictions and share price targets for Lumax Ind (LumaxInd)

Showing technical analysis as on 2024-09-24 View latest technical analysis

10 day averaged volume of Lumax Ind is 724

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	2744.45	2762.00	2783.90	2736.40	0.858 times
23 Mon Sep 2024	2785.25	2751.00	2789.00	2730.90	1.478 times
20 Fri Sep 2024	2785.95	2681.05	2797.70	2681.05	1.064 times
19 Thu Sep 2024	2710.45	2751.90	2755.75	2680.00	0.713 times
18 Wed Sep 2024	2757.85	2742.00	2780.60	2736.25	0.648 times
17 Tue Sep 2024	2768.85	2765.00	2769.65	2731.90	0.17 times
16 Mon Sep 2024	2761.05	2788.00	2788.00	2702.00	1.225 times
13 Fri Sep 2024	2745.10	2688.50	2750.00	2688.50	0.302 times
12 Thu Sep 2024	2688.45	2810.00	2812.10	2677.55	3.073 times
11 Wed Sep 2024	2816.40	2852.00	2898.00	2805.05	0.475 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2748.8, but if it comes above 2748.8, then a intra day buy could be more profitable.
If you take a sell trade below 2748.8, then use 2748.8 as stoploss and 2646.1 as target. However if you take a buy trade in stock , then use 2748.8 as stoploss and 2834.41 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2300.40
Downside Target	2420.00
Downside Target	2520.35
Downside Target	2677.55
Upside Target	2910.40
Upside Target	2911.00
Upside Target	2948.95
Upside Target	2950.00
Upside Target	2979.50
Upside Target	3017.00
Upside Target	3045.00

Intraday share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Intraday Target	2720.57
Downside Intraday Target	2696.68
Upside Intraday Target	2778.67
Upside Intraday Target	2812.88
Upside Intraday Target	2754.78

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	2744.45	2751.00	2789.00	2730.90	0.612 times
20 Fri Sep 2024	2785.95	2788.00	2797.70	2680.00	0.69 times
13 Fri Sep 2024	2745.10	2900.00	2911.00	2677.55	0.943 times
06 Fri Sep 2024	2918.05	2943.35	2979.50	2864.00	1.387 times
30 Fri Aug 2024	2926.35	2865.15	2948.95	2843.65	0.099 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 Ind (LumaxInd)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	2744.45	2943.35	2979.50	2677.55	0.296 times
30 Fri Aug 2024	2926.35	2891.00	2950.00	2520.35	2.846 times
31 Wed Jul 2024	2915.45	2799.95	3045.00	2780.05	0.744 times
28 Fri Jun 2024	2777.80	2725.45	3017.00	2300.40	1.029 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 Ind (LumaxInd)

Price action analysis of Lumax Ind ( (LumaxInd) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Lumax Ind ( (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 Ind ( (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 Ind ( (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 Ind stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Lumax Ind in short term and the sell signal is strong.

Lumax Ind 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a SELL signal for Lumax Ind 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 Ind is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2742.02 and Lumax Ind (LumaxInd) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Lumax Ind (LumaxInd) stock. Volume based technical analysis of Lumax Ind (LumaxInd) stock is negative.

Lumax Ind 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.