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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 2024-11-06 View latest technical analysis

10 day averaged volume of Lumax Auto is 83584

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	527.65	515.55	531.25	515.55	0.618 times
05 Tue Nov 2024	520.05	517.65	523.20	509.65	0.492 times
04 Mon Nov 2024	513.70	529.75	529.75	511.50	0.708 times
01 Fri Nov 2024	529.00	527.40	530.10	521.95	0.143 times
31 Thu Oct 2024	521.95	525.80	525.80	515.05	0.416 times
30 Wed Oct 2024	525.90	494.20	530.65	490.00	2.074 times
29 Tue Oct 2024	493.15	495.25	500.95	488.25	1.028 times
28 Mon Oct 2024	495.40	504.45	504.50	469.75	2.57 times
25 Fri Oct 2024	504.40	516.30	516.30	496.10	1.165 times
24 Thu Oct 2024	511.20	521.45	525.30	508.10	0.705 times

My analysis of stock is bearish for shortterm, and stock might move down till 508.6 or till 477.8. Use a stoploss of 534.25 and if the stock hits stoploss, then it can shoot up till 559.92

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	469.75
Downside Target	496.10
Downside Target	525.30
Upside Target	544.10
Upside Target	558.65
Upside Target	569.70
Upside Target	575.05
Upside Target	584.95
Upside Target	596.25
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	514.45
Downside Intraday Target	501.25
Upside Intraday Target	536.05
Upside Intraday Target	544.45
Downside Intraday Target	522.85

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	527.65	529.75	531.25	509.65	0.292 times
01 Fri Nov 2024	529.00	504.45	530.65	469.75	1.135 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

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
06 Wed Nov 2024	527.65	527.40	531.25	509.65	0.081 times
31 Thu Oct 2024	521.95	567.00	584.95	469.75	0.444 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

Scroll below to view daily charts

Price has moved up 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 losing 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 in or above 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 BUY signal in short term but buying 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 509.86 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 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 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.