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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 2024-12-31 View latest technical analysis

10 day averaged volume of Lumax Ind is 205

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	2336.40	2300.00	2360.00	2232.95	1.751 times
30 Mon Dec 2024	2309.50	2354.35	2360.00	2305.55	0.868 times
27 Fri Dec 2024	2360.00	2382.95	2382.95	2360.00	0.439 times
26 Thu Dec 2024	2377.90	2380.00	2386.15	2370.10	0.6 times
24 Tue Dec 2024	2384.45	2488.95	2488.95	2356.90	0.312 times
23 Mon Dec 2024	2346.00	2415.00	2415.00	2340.05	1.902 times
20 Fri Dec 2024	2423.75	2478.10	2478.10	2420.00	0.259 times
19 Thu Dec 2024	2478.30	2450.60	2485.00	2441.00	0.205 times
18 Wed Dec 2024	2468.55	2470.00	2491.75	2444.00	2.327 times
17 Tue Dec 2024	2465.50	2499.95	2499.95	2450.35	0.444 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2365.3, but if it comes above 2365.3, then a intra day buy could be more profitable.
If you take a sell trade below 2365.3, then use 2365.3 as stoploss and 2309.4 as target. However if you take a buy trade in stock , then use 2365.3 as stoploss and 2411.88 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2159.50
Downside Target	2232.95
Downside Target	2316.10
Upside Target	2479.70
Upside Target	2500.00
Upside Target	2520.35
Upside Target	2536.95
Upside Target	2579.85
Upside Target	2649.95
Upside Target	2950.00
Upside Target	2979.50

Intraday share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Intraday Target	2259.57
Downside Intraday Target	2182.73
Upside Intraday Target	2386.62
Upside Intraday Target	2436.83
Downside Intraday Target	2309.78

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	2336.40	2354.35	2360.00	2232.95	0.805 times
27 Fri Dec 2024	2360.00	2415.00	2488.95	2340.05	0.554 times
20 Fri Dec 2024	2423.75	2433.20	2499.95	2420.00	0.967 times
13 Fri Dec 2024	2433.20	2427.60	2479.70	2373.00	0.245 times
06 Fri Dec 2024	2409.10	2280.00	2500.00	2252.70	2.528 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
31 Tue Dec 2024	2336.40	2280.00	2500.00	2232.95	1.389 times
29 Fri Nov 2024	2306.70	2480.00	2579.85	2159.50	0.162 times
31 Thu Oct 2024	2476.10	2612.10	2649.95	2316.10	2.487 times
30 Mon Sep 2024	2596.10	2943.35	2979.50	2536.95	0.365 times

Scroll below to view daily charts

Price has moved up 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 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 Strong and stock is gaining momentum.

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

Lumax Ind Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 2387.09 and Lumax Ind (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 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 positive

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