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(LUMAXTECH) Lumax Auto complete technical analysis [charts+indicators] | Buy/Sell Lumax Auto | (LUMAXTECH) share price targets

Complete technical analysis of Lumax Auto (LUMAXTECH) by charts plus indicators, forecast predictions and share price targets for Lumax Auto (LUMAXTECH)

Lumax Auto trades in NSE in Auto Parts & Equipment sector.

10 day averaged volume of Lumax Auto is 128434

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	468.85	450.00	478.45	447.10	1.212 times
15 Mon Apr 2024	452.95	455.00	462.20	442.20	1.107 times
12 Fri Apr 2024	465.00	475.70	475.70	462.75	0.556 times
10 Wed Apr 2024	469.85	477.00	479.90	467.50	0.677 times
09 Tue Apr 2024	477.55	474.00	484.10	474.00	0.602 times
08 Mon Apr 2024	474.00	477.10	481.05	471.35	0.984 times
05 Fri Apr 2024	477.05	490.70	493.85	476.00	1.395 times
04 Thu Apr 2024	490.70	494.10	494.95	484.00	0.662 times
03 Wed Apr 2024	490.75	500.00	500.00	487.90	1.469 times
02 Tue Apr 2024	495.50	489.00	502.30	483.25	1.594 times

My analysis of stock is bearish for shortterm, and stock might move down till 457.2 or till 440.4. Use a stoploss of 471.16 and if the stock hits stoploss, then it can shoot up till 485.16

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	398.70
Downside Target	437.70
Downside Target	462.00
Upside Target	476.00
Upside Target	478.45
Upside Target	484.10
Upside Target	489.85
Upside Target	498.90
Upside Target	502.30

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	447.88
Downside Intraday Target	426.92
Upside Intraday Target	484.13
Upside Intraday Target	499.42
Downside Intraday Target	463.17

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	468.85	455.00	478.45	442.20	0.823 times
12 Fri Apr 2024	465.00	477.10	484.10	462.75	0.464 times
05 Fri Apr 2024	477.05	494.00	502.30	476.00	1.838 times
28 Thu Mar 2024	483.20	472.25	489.85	462.00	0.388 times
22 Fri Mar 2024	471.95	437.70	476.70	437.70	0.89 times

Price has moved up 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 Auto (LUMAXTECH)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	468.85	494.00	502.30	442.20	0.306 times
28 Thu Mar 2024	483.20	482.00	489.85	398.70	0.253 times
29 Thu Feb 2024	480.85	410.00	498.90	374.55	6.299 times
31 Wed Jan 2024	389.70	386.45	403.95	362.50	0.94 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 Auto (LUMAXTECH)

Price action analysis of Lumax Auto ( (LUMAXTECH) ) 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 Auto ( (LUMAXTECH) ) based on a short to mid 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 Auto ( (LUMAXTECH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Lumax Auto stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Lumax Auto in short term but the sell signal is initial and weak.

Lumax Auto 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Auto in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 477.8 and Lumax Auto (LUMAXTECH) 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 Auto (LUMAXTECH) stock. Volume based technical analysis of Lumax Auto (LUMAXTECH) stock is negative.

Lumax Auto 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.