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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 2024-08-12 View latest technical analysis

10 day averaged volume of Lumax Auto is 116050

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	546.40	560.00	566.50	540.05	1.647 times
09 Fri Aug 2024	567.55	565.00	569.20	558.65	0.523 times
08 Thu Aug 2024	560.85	570.00	570.00	559.00	0.522 times
07 Wed Aug 2024	572.75	560.15	575.05	555.00	1.449 times
06 Tue Aug 2024	559.50	537.00	567.65	526.45	2.599 times
05 Mon Aug 2024	522.10	536.55	548.35	518.00	1.494 times
02 Fri Aug 2024	554.90	545.00	562.75	536.30	0.665 times
01 Thu Aug 2024	549.00	568.40	568.40	545.40	0.9 times
31 Wed Jul 2024	562.80	571.00	578.00	561.05	0.775 times
30 Tue Jul 2024	571.65	579.90	579.90	569.55	0.425 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 546.9, but if it comes above 546.9, then a intra day buy could be more profitable.
If you take a sell trade below 546.9, then use 546.9 as stoploss and 531 as target. However if you take a buy trade in stock , then use 546.9 as stoploss and 560.25 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	442.20
Downside Target	509.70
Downside Target	536.30
Upside Target	566.50
Upside Target	575.00
Upside Target	575.05
Upside Target	584.90
Upside Target	589.20
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	535.47
Downside Intraday Target	524.53
Upside Intraday Target	561.92
Upside Intraday Target	577.43
Upside Intraday Target	550.98

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	546.40	560.00	566.50	540.05	0.25 times
09 Fri Aug 2024	567.55	536.55	575.05	518.00	1.93 times
02 Fri Aug 2024	554.90	579.70	589.20	536.30	0.551 times
26 Fri Jul 2024	575.90	540.00	584.90	525.30	1.33 times
19 Fri Jul 2024	544.10	565.00	575.00	540.00	0.611 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
12 Mon Aug 2024	546.40	568.40	575.05	518.00	0.32 times
31 Wed Jul 2024	562.80	582.55	609.95	525.30	0.459 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Lumax Auto in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 554.21 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 negative.

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