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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 2024-02-29 View latest technical analysis

10 day averaged volume of Lumax Ind is 730

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	2310.80	2299.10	2334.05	2287.60	0.332 times
28 Wed Feb 2024	2333.25	2358.25	2374.20	2329.70	0.16 times
27 Tue Feb 2024	2361.00	2375.05	2384.85	2353.50	0.742 times
26 Mon Feb 2024	2374.50	2414.95	2414.95	2358.20	0.534 times
23 Fri Feb 2024	2342.45	2400.15	2447.45	2306.85	2.071 times
22 Thu Feb 2024	2388.40	2415.35	2424.40	2354.35	0.314 times
21 Wed Feb 2024	2397.50	2429.90	2438.65	2380.00	1.881 times
20 Tue Feb 2024	2429.90	2458.40	2500.00	2422.90	0.438 times
19 Mon Feb 2024	2443.60	2359.90	2458.00	2359.90	1.489 times
16 Fri Feb 2024	2359.90	2388.30	2452.95	2350.00	0.519 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2312.7, but if it comes above 2312.7, then a intra day buy could be more profitable.
If you take a sell trade below 2312.7, then use 2312.7 as stoploss and 2233.4 as target. However if you take a buy trade in stock , then use 2312.7 as stoploss and 2378.9 as target.

Share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Target	2020.05
Downside Target	2089.50
Downside Target	2176.65
Downside Target	2287.60
Upside Target	2414.95
Upside Target	2500.00
Upside Target	2506.95
Upside Target	2565.00
Upside Target	2793.85
Upside Target	2796.85
Upside Target	2815.45

Intraday share price targets for Lumax Ind (LumaxInd)

Target Type	Value
Downside Intraday Target	2260.62
Downside Intraday Target	2210.43
Upside Intraday Target	2387.97
Upside Intraday Target	2465.13
Upside Intraday Target	2337.78

Weekly technical analysis of Lumax Ind (LumaxInd)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	2310.80	2414.95	2414.95	2287.60	0.286 times
23 Fri Feb 2024	2342.45	2359.90	2500.00	2306.85	0.846 times
16 Fri Feb 2024	2359.90	2355.00	2452.95	2176.65	1 times
09 Fri Feb 2024	2398.20	2331.05	2565.00	2331.05	2.479 times
02 Fri Feb 2024	2396.50	2020.05	2506.95	2020.05	1.657 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
29 Thu Feb 2024	2310.80	2445.80	2565.00	2176.65	1.655 times
31 Wed Jan 2024	2456.95	2500.40	2815.45	2020.05	0.333 times
29 Fri Dec 2023	2475.30	2751.90	2793.85	2355.05	1.615 times
30 Thu Nov 2023	2752.00	2165.05	2796.85	2120.75	2.605 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal in short term and the buying is gaining 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 2381.94 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.