Is LUMAX INDUSTRIES in uptrend or downtrend?

In the short term price movements in LUMAXIND share indicates the market is Sideways. However, the bulls are trying to absorb supply to take control.

What is LUMAX INDUSTRIES share price forecast for tomorrow?

In Lumax Industries Limited stock current resistance level is at 5498 and support level is at 4974. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are LUMAX INDUSTRIES support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Lumax Industries Limited in the short-term, the supply zone around 5498 and 5500. Hence, good chances of resistance around 5500. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Lumax Industries Limited share is around 4974 and 4970. Hence, good chances for support around 4970.

Why is LUMAX INDUSTRIES share price falling today?

Perhaps LUMAXIND stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

LUMAX INDUSTRIES Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data