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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.

10 day averaged volume of Lumax Auto is 80692

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	561.20	567.00	584.95	544.10	2.674 times
11 Fri Oct 2024	567.60	566.05	569.70	561.60	0.422 times
10 Thu Oct 2024	561.35	568.00	569.70	559.00	0.506 times
09 Wed Oct 2024	563.90	558.55	567.30	555.95	0.562 times
08 Tue Oct 2024	554.50	540.00	555.75	537.75	0.606 times
07 Mon Oct 2024	545.05	564.70	564.70	532.00	1.416 times
04 Fri Oct 2024	556.35	564.90	567.95	548.05	1.354 times
03 Thu Oct 2024	561.95	572.15	573.90	557.55	1.571 times
01 Tue Oct 2024	572.20	567.00	573.70	565.35	0.757 times
30 Mon Sep 2024	562.40	576.50	576.50	554.95	1.798 times

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

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 557.8 as stoploss in an intra day buy trade for a target of 566.18. However, stock will show a bearish move below 557.8.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	500.20
Downside Target	513.95
Downside Target	525.30
Downside Target	543.25
Upside Target	569.40
Upside Target	584.95
Upside Target	589.50
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	541.88
Downside Intraday Target	522.57
Upside Intraday Target	582.73
Upside Intraday Target	604.27
Upside Intraday Target	563.42

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	561.20	567.00	584.95	544.10	0.761 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
27 Fri Sep 2024	572.55	582.95	596.25	569.40	0.603 times
20 Fri Sep 2024	566.35	562.00	589.50	543.25	5.367 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
14 Mon Oct 2024	561.20	567.00	584.95	532.00	0.175 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 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 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 but the sell signal is initial and weak.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 559.7 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.