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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.

Showing technical analysis as on 2024-03-28 View latest technical analysis

10 day averaged volume of Lumax Auto is 228562

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	483.20	486.10	489.85	479.95	0.496 times
27 Wed Mar 2024	478.85	469.00	487.90	468.10	1.011 times
26 Tue Mar 2024	466.25	472.25	476.20	462.00	0.35 times
22 Fri Mar 2024	471.95	461.00	476.70	458.85	0.965 times
21 Thu Mar 2024	461.65	454.80	470.00	453.50	0.636 times
20 Wed Mar 2024	452.95	456.50	463.85	445.00	0.716 times
19 Tue Mar 2024	456.20	466.00	467.00	453.70	0.793 times
18 Mon Mar 2024	461.40	437.70	464.00	437.70	1.674 times
15 Fri Mar 2024	441.50	436.90	444.00	419.70	0.832 times
14 Thu Mar 2024	437.25	415.70	439.95	398.70	1.039 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 478.4, but if it comes below 478.4, then a intra day sell could be more profitable.
If you take a sell trade below 478.4, then use 478.4 as stoploss and 459.58 as target. However if you take a buy trade in stock , then use 478.4 as stoploss and 500.9 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	352.35
Downside Target	362.50
Downside Target	398.70
Downside Target	437.70
Downside Target	456.15
Downside Target	462.00
Downside Target	476.70
Upside Target	487.50
Upside Target	489.85
Upside Target	498.85
Upside Target	498.90

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	466.85
Downside Intraday Target	450.5
Upside Intraday Target	494.7
Upside Intraday Target	506.2
Downside Intraday Target	478.35

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
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
15 Fri Mar 2024	441.50	453.90	456.15	398.70	0.997 times
07 Thu Mar 2024	451.05	480.00	487.50	445.90	0.15 times
02 Sat Mar 2024	480.20	475.00	498.85	445.60	3.066 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
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
29 Fri Dec 2023	385.50	393.95	406.75	368.00	0.97 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Lumax Auto ( (LUMAXTECH) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Lumax Auto in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Lumax Auto Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 460.07 and Lumax Auto (LUMAXTECH) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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