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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 131719

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	457.80	471.85	471.90	455.50	0.631 times
16 Tue Apr 2024	468.85	450.00	478.45	447.10	1.181 times
15 Mon Apr 2024	452.95	455.00	462.20	442.20	1.08 times
12 Fri Apr 2024	465.00	475.70	475.70	462.75	0.542 times
10 Wed Apr 2024	469.85	477.00	479.90	467.50	0.66 times
09 Tue Apr 2024	477.55	474.00	484.10	474.00	0.587 times
08 Mon Apr 2024	474.00	477.10	481.05	471.35	0.959 times
05 Fri Apr 2024	477.05	490.70	493.85	476.00	1.36 times
04 Thu Apr 2024	490.70	494.10	494.95	484.00	0.645 times
03 Wed Apr 2024	490.75	500.00	500.00	487.90	1.432 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 459.3, but if it comes above 459.3, then a intra day buy could be more profitable.
If you take a sell trade below 459.3, then use 459.3 as stoploss and 444.1 as target. However if you take a buy trade in stock , then use 459.3 as stoploss and 471.98 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	398.70
Downside Target	437.70
Upside 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	440.52
Downside Intraday Target	423.23
Upside Intraday Target	476.77
Upside Intraday Target	495.73
Upside Intraday Target	459.48

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	457.80	455.00	478.45	442.20	1.053 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 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 Auto (LUMAXTECH)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	457.80	494.00	502.30	442.20	0.324 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 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 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 gaining 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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumax Auto in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 473.38 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.