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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 2024-08-28 View latest technical analysis

10 day averaged volume of Lumax Auto is 91524

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	539.45	540.30	546.35	536.40	0.608 times
27 Tue Aug 2024	546.40	547.80	549.00	537.45	0.55 times
26 Mon Aug 2024	543.80	542.50	548.50	539.10	0.929 times
23 Fri Aug 2024	540.20	540.90	548.90	534.50	1.052 times
22 Thu Aug 2024	538.45	532.05	543.75	532.05	0.754 times
21 Wed Aug 2024	531.85	529.10	536.60	516.15	1.153 times
20 Tue Aug 2024	524.75	530.30	535.75	517.30	1.373 times
19 Mon Aug 2024	530.30	525.00	533.95	520.65	0.842 times
16 Fri Aug 2024	519.70	532.70	532.70	513.95	0.918 times
14 Wed Aug 2024	520.70	539.15	545.00	516.20	1.349 times

My analysis of stock is bearish for shortterm, and stock might move down till 528 or till 509.4. Use a stoploss of 543.52 and if the stock hits stoploss, then it can shoot up till 559.04

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	549.00
Upside Target	566.50
Upside Target	575.05
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	534.23
Downside Intraday Target	529.02
Upside Intraday Target	546.83
Upside Intraday Target	554.22
Upside Intraday Target	541.62

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	539.45	542.50	549.00	536.40	0.403 times
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

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
28 Wed Aug 2024	539.45	568.40	575.05	513.95	0.593 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Lumax Auto in short term but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Lumax Auto in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 531.87 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 is giving positive 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.