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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 2024-04-25 View latest technical analysis

10 day averaged volume of Lumax Auto is 132011

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	488.75	505.00	515.00	488.00	5.632 times
24 Wed Apr 2024	493.05	480.00	499.30	477.30	2.504 times
23 Tue Apr 2024	473.60	478.80	479.20	471.70	0.697 times
22 Mon Apr 2024	478.80	470.00	484.50	466.90	1.148 times
19 Fri Apr 2024	463.65	459.70	470.00	448.95	0.981 times
18 Thu Apr 2024	457.80	471.85	471.90	455.50	0.63 times
16 Tue Apr 2024	468.85	450.00	478.45	447.10	1.179 times
15 Mon Apr 2024	452.95	455.00	462.20	442.20	1.077 times
12 Fri Apr 2024	465.00	475.70	475.70	462.75	0.54 times
10 Wed Apr 2024	469.85	477.00	479.90	467.50	0.658 times

Stock of Lumax Auto (LUMAXTECH) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 488.5, but if it comes below 488.5, then a intra day sell could be more profitable.
If you take a sell trade below 488.5, then use 488.5 as stoploss and 476.66 as target. However if you take a buy trade in stock , then use 488.5 as stoploss and 502.6 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	398.70
Downside Target	442.20
Downside Target	462.00
Downside Target	478.45
Downside Target	484.10
Upside Target	489.85
Upside Target	498.90
Upside Target	502.30
Upside Target	515.00

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	465.43
Downside Intraday Target	442.12
Upside Intraday Target	513.53
Upside Intraday Target	538.32
Upside Intraday Target	490.22

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	488.75	470.00	515.00	466.90	2.581 times
19 Fri Apr 2024	463.65	455.00	478.45	442.20	1.41 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Auto (LUMAXTECH)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	488.75	494.00	515.00	442.20	0.632 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong 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 coming down

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 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 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 479.27 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.