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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 2024-04-02 View latest technical analysis

10 day averaged volume of Lumax Auto is 183080

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	495.50	489.00	502.30	483.25	1.118 times
01 Mon Apr 2024	487.10	494.00	498.00	483.35	0.671 times
28 Thu Mar 2024	483.20	486.10	489.85	479.95	0.62 times
27 Wed Mar 2024	478.85	469.00	487.90	468.10	1.262 times
26 Tue Mar 2024	466.25	472.25	476.20	462.00	0.437 times
22 Fri Mar 2024	471.95	461.00	476.70	458.85	1.205 times
21 Thu Mar 2024	461.65	454.80	470.00	453.50	0.793 times
20 Wed Mar 2024	452.95	456.50	463.85	445.00	0.894 times
19 Tue Mar 2024	456.20	466.00	467.00	453.70	0.99 times
18 Mon Mar 2024	461.40	437.70	464.00	437.70	2.09 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 481.3, but if it comes below 481.3, then a intra day sell could be more profitable.
If you take a sell trade below 481.3, then use 481.3 as stoploss and 460.86 as target. However if you take a buy trade in stock , then use 481.3 as stoploss and 505.8 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	398.70
Downside Target	437.70
Downside Target	456.15
Downside Target	476.70
Downside Target	483.25
Downside Target	487.50
Downside Target	489.85
Upside Target	498.90
Upside Target	502.30

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	485.07
Downside Intraday Target	474.63
Upside Intraday Target	504.12
Upside Intraday Target	512.73
Downside Intraday Target	493.68

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	495.50	494.00	502.30	483.25	0.771 times
28 Thu Mar 2024	483.20	472.25	489.85	462.00	0.388 times
22 Fri Mar 2024	471.95	437.70	476.70	437.70	0.89 times
15 Fri Mar 2024	441.50	453.90	456.15	398.70	0.997 times
07 Thu Mar 2024	451.05	480.00	487.50	445.90	0.15 times

Price has moved up 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
02 Tue Apr 2024	495.50	494.00	502.30	483.25	0.07 times
28 Thu Mar 2024	483.20	482.00	489.85	398.70	0.253 times
29 Thu Feb 2024	480.85	410.00	498.90	374.55	6.299 times
31 Wed Jan 2024	389.70	386.45	403.95	362.50	0.94 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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

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 470.65 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 positive

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