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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 2024-07-23 View latest technical analysis

10 day averaged volume of Lumax Auto is 151087

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	548.75	550.05	573.00	525.30	2.069 times
22 Mon Jul 2024	552.60	540.00	556.00	533.95	0.571 times
19 Fri Jul 2024	544.10	558.00	562.25	540.00	0.682 times
18 Thu Jul 2024	560.60	561.95	568.70	555.00	0.956 times
16 Tue Jul 2024	561.70	573.00	573.00	558.30	0.702 times
15 Mon Jul 2024	573.15	565.00	575.00	555.00	1.238 times
12 Fri Jul 2024	568.70	576.85	582.50	562.20	0.673 times
11 Thu Jul 2024	574.10	569.45	579.85	563.45	0.974 times
10 Wed Jul 2024	569.45	573.30	592.00	560.00	1.841 times
09 Tue Jul 2024	573.30	568.90	577.50	564.35	0.879 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 bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 557.4, but if it comes above 557.4, then a intra day buy could be more profitable.
If you take a sell trade below 557.4, then use 557.4 as stoploss and 541.5 as target. However if you take a buy trade in stock , then use 557.4 as stoploss and 570.67 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	489.85
Downside Target	509.70
Downside Target	525.30
Downside Target	540.00
Upside Target	560.00
Upside Target	573.00
Upside Target	592.00
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	525.03
Downside Intraday Target	501.32
Upside Intraday Target	572.73
Upside Intraday Target	596.72
Upside Intraday Target	549.02

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	548.75	540.00	573.00	525.30	0.738 times
19 Fri Jul 2024	544.10	565.00	575.00	540.00	0.611 times
12 Fri Jul 2024	568.70	582.00	592.00	560.00	0.74 times
05 Fri Jul 2024	577.90	582.55	609.95	575.20	0.444 times
28 Fri Jun 2024	582.90	510.00	595.60	510.00	2.081 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
23 Tue Jul 2024	548.75	582.55	609.95	525.30	0.39 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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 buy signal for Lumax Auto in short term but BUY signal is weak.

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 562.68 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.