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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 2024-10-23 View latest technical analysis

10 day averaged volume of Lumax Ind is 347

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	2450.65	2454.10	2476.05	2425.00	0.403 times
22 Tue Oct 2024	2497.75	2574.00	2576.45	2491.75	1.277 times
21 Mon Oct 2024	2578.45	2535.40	2603.10	2505.00	0.818 times
18 Fri Oct 2024	2553.90	2584.55	2590.40	2480.40	1.669 times
17 Thu Oct 2024	2588.35	2596.40	2619.00	2540.60	0.801 times
16 Wed Oct 2024	2596.40	2554.75	2602.35	2539.25	1.818 times
15 Tue Oct 2024	2554.75	2540.75	2565.60	2532.70	0.245 times
14 Mon Oct 2024	2545.90	2479.40	2550.00	2459.35	1.159 times
11 Fri Oct 2024	2466.60	2490.00	2500.00	2457.25	0.732 times
10 Thu Oct 2024	2463.35	2519.00	2519.00	2442.00	0.556 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2470.2, but if it comes above 2470.2, then a intra day buy could be more profitable.
If you take a sell trade below 2470.2, then use 2470.2 as stoploss and 2373.6 as target. However if you take a buy trade in stock , then use 2470.2 as stoploss and 2550.66 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2300.40
Downside Target	2400.00
Upside Target	2649.95
Upside Target	2704.80
Upside Target	2780.05
Upside Target	2789.00
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	2382.73
Downside Intraday Target	2314.82
Upside Intraday Target	2560.83
Upside Intraday Target	2671.02
Upside Intraday Target	2492.92

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	2450.65	2535.40	2603.10	2425.00	0.439 times
18 Fri Oct 2024	2553.90	2479.40	2619.00	2459.35	1.227 times
11 Fri Oct 2024	2466.60	2649.95	2649.95	2400.00	0.742 times
03 Thu Oct 2024	2478.25	2704.80	2704.80	2475.15	0.523 times
27 Fri Sep 2024	2599.80	2751.00	2789.00	2582.80	1.5 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
23 Wed Oct 2024	2450.65	2612.10	2649.95	2400.00	0.391 times
30 Mon Sep 2024	2596.10	2943.35	2979.50	2536.95	0.365 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

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 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 short 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

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 gaining momentum.

MACD generated a BUY signal for Lumax Ind in short term but the buy signal is initial and weak.

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 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 Ind in short term and SELL 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 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 2542.12 and Lumax Ind (LumaxInd) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.