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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 2024-08-08 View latest technical analysis

10 day averaged volume of Lumax Auto is 123914

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	560.85	570.00	570.00	559.00	0.489 times
07 Wed Aug 2024	572.75	560.15	575.05	555.00	1.357 times
06 Tue Aug 2024	559.50	537.00	567.65	526.45	2.434 times
05 Mon Aug 2024	522.10	536.55	548.35	518.00	1.399 times
02 Fri Aug 2024	554.90	545.00	562.75	536.30	0.623 times
01 Thu Aug 2024	549.00	568.40	568.40	545.40	0.843 times
31 Wed Jul 2024	562.80	571.00	578.00	561.05	0.725 times
30 Tue Jul 2024	571.65	579.90	579.90	569.55	0.398 times
29 Mon Jul 2024	574.15	579.70	589.20	568.05	0.607 times
26 Fri Jul 2024	575.90	573.70	584.90	570.50	0.947 times

My analysis of stock is bearish for shortterm, and stock might move down till 548.4 or till 532.5. Use a stoploss of 561.69 and if the stock hits stoploss, then it can shoot up till 574.96

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	442.20
Downside Target	509.70
Downside Target	536.30
Downside Target	560.00
Upside Target	575.00
Upside Target	575.05
Upside Target	584.90
Upside Target	589.20
Upside Target	592.00
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	527.55
Downside Intraday Target	494.25
Upside Intraday Target	584.6
Upside Intraday Target	608.35
Downside Intraday Target	551.3

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	560.85	536.55	575.05	518.00	1.777 times
02 Fri Aug 2024	554.90	579.70	589.20	536.30	0.551 times
26 Fri Jul 2024	575.90	540.00	584.90	525.30	1.33 times
19 Fri Jul 2024	544.10	565.00	575.00	540.00	0.611 times
12 Fri Jul 2024	568.70	582.00	592.00	560.00	0.74 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Lumax Auto (LUMAXTECH)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	560.85	568.40	575.05	518.00	0.249 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
31 Fri May 2024	485.30	478.80	509.70	450.70	0.983 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Lumax Auto ( (LUMAXTECH) ) based on a short to mid 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 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 SELL. Signal strength is Weak 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 558.1 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 negative.

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