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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 2024-10-24 View latest technical analysis

10 day averaged volume of Lumax Ind is 329

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	2415.70	2444.95	2445.00	2407.00	0.571 times
23 Wed Oct 2024	2450.65	2454.10	2476.05	2425.00	0.426 times
22 Tue Oct 2024	2497.75	2574.00	2576.45	2491.75	1.347 times
21 Mon Oct 2024	2578.45	2535.40	2603.10	2505.00	0.863 times
18 Fri Oct 2024	2553.90	2584.55	2590.40	2480.40	1.76 times
17 Thu Oct 2024	2588.35	2596.40	2619.00	2540.60	0.845 times
16 Wed Oct 2024	2596.40	2554.75	2602.35	2539.25	1.918 times
15 Tue Oct 2024	2554.75	2540.75	2565.60	2532.70	0.258 times
14 Mon Oct 2024	2545.90	2479.40	2550.00	2459.35	1.222 times
11 Fri Oct 2024	2466.60	2490.00	2500.00	2457.25	0.772 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2461.8, but if it comes above 2461.8, then a intra day buy could be more profitable.
If you take a sell trade below 2461.8, then use 2461.8 as stoploss and 2375 as target. However if you take a buy trade in stock , then use 2461.8 as stoploss and 2534.22 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2300.40
Downside Target	2400.00
Upside Target	2459.35
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	2347.43
Downside Intraday Target	2279.17
Upside Intraday Target	2543.53
Upside Intraday Target	2671.37
Upside Intraday Target	2475.27

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	2415.70	2535.40	2603.10	2407.00	0.534 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
24 Thu Oct 2024	2415.70	2612.10	2649.95	2400.00	0.403 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 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 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Lumax Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2539.51 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 negative.

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