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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 2024-05-07 View latest technical analysis

10 day averaged volume of Lumax Auto is 198696

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	464.15	468.45	470.75	460.30	0.368 times
06 Mon May 2024	469.40	482.00	483.95	463.10	0.635 times
03 Fri May 2024	478.10	485.40	485.40	470.50	0.567 times
02 Thu May 2024	482.95	478.80	485.85	473.45	0.371 times
30 Tue Apr 2024	478.10	481.70	486.05	474.95	0.393 times
29 Mon Apr 2024	479.80	490.00	490.60	474.40	0.594 times
26 Fri Apr 2024	478.95	495.40	500.95	478.00	0.808 times
25 Thu Apr 2024	488.75	505.00	515.00	488.00	3.742 times
24 Wed Apr 2024	493.05	480.00	499.30	477.30	1.663 times
23 Tue Apr 2024	473.60	478.80	479.20	471.70	0.463 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 464 as stoploss in an intra day buy trade for a target of 473.62. However, stock will show a bearish move below 464.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	374.55
Downside Target	398.70
Downside Target	442.20
Downside Target	460.30
Upside Target	484.10
Upside Target	485.85
Upside Target	489.85
Upside Target	490.60
Upside Target	498.90
Upside Target	515.00

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	454.98
Downside Intraday Target	445.82
Upside Intraday Target	478.63
Upside Intraday Target	493.12
Upside Intraday Target	469.47

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	464.15	482.00	483.95	460.30	0.521 times
03 Fri May 2024	478.10	490.00	490.60	470.50	0.259 times
26 Fri Apr 2024	478.95	470.00	515.00	466.90	2.896 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

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
07 Tue May 2024	464.15	478.80	485.85	460.30	0.116 times
30 Tue Apr 2024	478.10	494.00	515.00	442.20	0.708 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

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 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 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 getting stronger in this stock.

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 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 483.88 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 positive

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