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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 2024-09-03 View latest technical analysis

10 day averaged volume of Lumax Auto is 73019

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	520.95	524.30	525.45	516.00	0.646 times
02 Mon Sep 2024	524.30	528.50	532.00	520.30	0.853 times
30 Fri Aug 2024	526.25	533.00	536.40	525.00	0.441 times
29 Thu Aug 2024	529.10	539.45	542.25	524.70	0.66 times
28 Wed Aug 2024	539.45	540.30	546.35	536.40	0.762 times
27 Tue Aug 2024	546.40	547.80	549.00	537.45	0.689 times
26 Mon Aug 2024	543.80	542.50	548.50	539.10	1.165 times
23 Fri Aug 2024	540.20	540.90	548.90	534.50	1.318 times
22 Thu Aug 2024	538.45	532.05	543.75	532.05	0.945 times
21 Wed Aug 2024	531.85	529.10	536.60	516.15	1.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 523.6, but if it comes above 523.6, then a intra day buy could be more profitable.
If you take a sell trade below 523.6, then use 523.6 as stoploss and 504.9 as target. However if you take a buy trade in stock , then use 523.6 as stoploss and 539.11 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	450.70
Downside Target	509.70
Upside Target	532.00
Upside Target	548.90
Upside Target	549.00
Upside Target	566.50
Upside Target	575.05
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	513.97
Downside Intraday Target	506.98
Upside Intraday Target	529.97
Upside Intraday Target	538.98
Upside Intraday Target	522.98

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	520.95	528.50	532.00	516.00	0.403 times
30 Fri Aug 2024	526.25	542.50	549.00	524.70	0.573 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

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
03 Tue Sep 2024	520.95	528.50	532.00	516.00	0.05 times
30 Fri Aug 2024	526.25	568.40	575.05	513.95	0.616 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

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

Lumax Auto Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 and SELL signal is strong!

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 535.12 and Lumax Auto (LUMAXTECH) stock is trading below this level. This means that stock is falling with high volumes. 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 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.