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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 2024-10-28 View latest technical analysis

10 day averaged volume of Lumax Auto is 93557

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	495.40	504.45	504.50	469.75	2.296 times
25 Fri Oct 2024	504.40	516.30	516.30	496.10	1.041 times
24 Thu Oct 2024	511.20	521.45	525.30	508.10	0.63 times
23 Wed Oct 2024	520.15	524.20	531.90	512.50	0.625 times
22 Tue Oct 2024	519.95	551.00	551.00	515.25	1.837 times
21 Mon Oct 2024	545.50	555.00	558.65	537.10	0.77 times
18 Fri Oct 2024	553.10	569.50	569.50	551.05	0.6 times
17 Thu Oct 2024	564.60	575.60	577.00	561.00	0.743 times
16 Wed Oct 2024	572.65	578.60	578.65	566.00	0.441 times
15 Tue Oct 2024	576.50	565.95	577.90	565.95	1.008 times

Stock of Lumax Auto (LUMAXTECH) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 496, for a target of 524.6 or 548.5

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	469.75
Upside Target	496.10
Upside Target	525.30
Upside Target	544.10
Upside Target	575.05
Upside Target	576.50
Upside Target	584.95
Upside Target	595.60
Upside Target	596.25
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	475.27
Downside Intraday Target	455.13
Upside Intraday Target	510.02
Upside Intraday Target	524.63
Downside Intraday Target	489.88

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	495.40	504.45	504.50	469.75	0.468 times
25 Fri Oct 2024	504.40	555.00	558.65	496.10	0.962 times
18 Fri Oct 2024	553.10	567.00	584.95	544.10	1.683 times
11 Fri Oct 2024	567.60	564.70	569.70	532.00	0.641 times
04 Fri Oct 2024	556.35	576.50	576.50	548.05	0.318 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 Mon Oct 2024	495.40	567.00	584.95	469.75	0.38 times
30 Mon Sep 2024	562.40	528.50	596.25	500.20	2.083 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 weakening, and bulls are picking up momentum!

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 but buying is losing 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 527.46 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.