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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 2024-08-23 View latest technical analysis

10 day averaged volume of Lumax Auto is 99596

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	540.20	540.90	548.90	534.50	0.967 times
22 Thu Aug 2024	538.45	532.05	543.75	532.05	0.693 times
21 Wed Aug 2024	531.85	529.10	536.60	516.15	1.06 times
20 Tue Aug 2024	524.75	530.30	535.75	517.30	1.262 times
19 Mon Aug 2024	530.30	525.00	533.95	520.65	0.774 times
16 Fri Aug 2024	519.70	532.70	532.70	513.95	0.844 times
14 Wed Aug 2024	520.70	539.15	545.00	516.20	1.24 times
13 Tue Aug 2024	539.00	553.85	553.85	536.80	0.992 times
12 Mon Aug 2024	546.40	560.00	566.50	540.05	1.919 times
09 Fri Aug 2024	567.55	565.00	569.20	558.65	0.609 times

My analysis of stock is bearish for shortterm, and stock might move down till 529.2 or till 506.5. Use a stoploss of 548.13 and if the stock hits stoploss, then it can shoot up till 567.04

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	548.90
Upside Target	566.50
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	521.27
Downside Intraday Target	502.33
Upside Intraday Target	554.02
Upside Intraday Target	567.83
Downside Intraday Target	535.08

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	540.20	525.00	548.90	516.15	0.952 times
16 Fri Aug 2024	519.70	560.00	566.50	513.95	0.651 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

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 Fri Aug 2024	540.20	568.40	575.05	513.95	0.54 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Lumax Auto ( (LUMAXTECH) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Lumax Auto in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 535.25 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 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.