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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 2024-06-24 View latest technical analysis

10 day averaged volume of Lumax Auto is 408463

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	549.05	510.00	559.80	510.00	1.575 times
21 Fri Jun 2024	518.95	538.40	540.50	517.00	0.578 times
20 Thu Jun 2024	536.75	528.70	544.80	522.80	1.139 times
19 Wed Jun 2024	527.20	522.80	531.75	499.85	0.733 times
18 Tue Jun 2024	521.30	531.30	535.00	518.90	0.713 times
14 Fri Jun 2024	531.65	519.00	535.60	519.00	0.805 times
13 Thu Jun 2024	517.35	504.80	525.25	504.80	1.357 times
12 Wed Jun 2024	504.10	511.00	528.40	491.00	1.735 times
11 Tue Jun 2024	500.60	499.35	508.20	489.40	0.514 times
10 Mon Jun 2024	499.40	508.20	513.70	495.05	0.604 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 554.6, for a target of 525.3 or 500.95

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	374.55
Downside Target	398.70
Downside Target	424.05
Downside Target	442.20
Downside Target	474.05
Downside Target	489.40
Downside Target	510.00
Downside Target	515.00
Downside Target	520.00
Downside Target	535.60
Downside Target	544.80
Upside Target	559.80

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	519.43
Downside Intraday Target	489.82
Upside Intraday Target	569.23
Upside Intraday Target	589.42
Downside Intraday Target	539.62

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	549.05	510.00	559.80	510.00	0.498 times
21 Fri Jun 2024	518.95	531.30	544.80	499.85	0.631 times
14 Fri Jun 2024	531.65	508.20	535.60	489.40	1.203 times
07 Fri Jun 2024	506.15	492.00	520.00	424.05	1.253 times
31 Fri May 2024	485.30	492.00	509.70	474.05	1.813 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
24 Mon Jun 2024	549.05	492.00	559.80	424.05	1.738 times
31 Fri May 2024	485.30	478.80	509.70	450.70	0.983 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 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 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 522.69 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.