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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 2024-07-01 View latest technical analysis

10 day averaged volume of Lumax Auto is 430912

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	582.45	582.55	589.00	578.00	0.321 times
28 Fri Jun 2024	582.90	578.00	587.45	574.00	0.41 times
27 Thu Jun 2024	578.15	588.00	592.15	576.00	1.051 times
26 Wed Jun 2024	589.40	557.95	595.60	556.35	2.289 times
25 Tue Jun 2024	554.15	555.60	563.50	542.95	0.996 times
24 Mon Jun 2024	549.05	510.00	559.80	510.00	1.493 times
21 Fri Jun 2024	518.95	538.40	540.50	517.00	0.548 times
20 Thu Jun 2024	536.75	528.70	544.80	522.80	1.08 times
19 Wed Jun 2024	527.20	522.80	531.75	499.85	0.695 times
18 Tue Jun 2024	521.30	531.30	535.00	518.90	0.676 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 562.7, but if it comes below 562.7, then a intra day sell could be more profitable.
If you take a sell trade below 562.7, then use 562.7 as stoploss and 524.15 as target. However if you take a buy trade in stock , then use 562.7 as stoploss and 608.9 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	398.70
Downside Target	424.05
Downside Target	442.20
Downside Target	489.40
Downside Target	499.85
Downside Target	535.60
Downside Target	544.80
Downside Target	578.00
Upside Target	589.00
Upside Target	595.60

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	577.3
Downside Intraday Target	572.15
Upside Intraday Target	588.3
Upside Intraday Target	594.15
Upside Intraday Target	583.15

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	582.45	582.55	589.00	578.00	0.051 times
28 Fri Jun 2024	582.90	510.00	595.60	510.00	2.081 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

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
01 Mon Jul 2024	582.45	582.55	589.00	578.00	0.018 times
28 Fri Jun 2024	582.90	492.00	595.60	424.05	2.363 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

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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 558.35 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.