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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 2024-08-29 View latest technical analysis

10 day averaged volume of Lumax Auto is 87207

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	529.10	539.45	542.25	524.70	0.552 times
28 Wed Aug 2024	539.45	540.30	546.35	536.40	0.638 times
27 Tue Aug 2024	546.40	547.80	549.00	537.45	0.577 times
26 Mon Aug 2024	543.80	542.50	548.50	539.10	0.975 times
23 Fri Aug 2024	540.20	540.90	548.90	534.50	1.104 times
22 Thu Aug 2024	538.45	532.05	543.75	532.05	0.791 times
21 Wed Aug 2024	531.85	529.10	536.60	516.15	1.21 times
20 Tue Aug 2024	524.75	530.30	535.75	517.30	1.441 times
19 Mon Aug 2024	530.30	525.00	533.95	520.65	0.884 times
16 Fri Aug 2024	519.70	532.70	532.70	513.95	0.964 times

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 526.7 as stoploss in an intra day buy trade for a target of 541.84. However, stock will show a bearish move below 526.7.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	442.20
Downside Target	509.70
Upside Target	536.30
Upside Target	548.90
Upside Target	549.00
Upside Target	566.50
Upside Target	575.05
Upside Target	589.20
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	519.53
Downside Intraday Target	509.97
Upside Intraday Target	543.83
Upside Intraday Target	558.57
Upside Intraday Target	534.27

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	529.10	542.50	549.00	524.70	0.505 times
23 Fri Aug 2024	540.20	525.00	548.90	516.15	0.952 times
16 Fri Aug 2024	519.70	560.00	566.50	513.95	0.651 times
09 Fri Aug 2024	567.55	536.55	575.05	518.00	1.93 times
02 Fri Aug 2024	554.90	579.70	589.20	536.30	0.551 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
29 Thu Aug 2024	529.10	568.40	575.05	513.95	0.607 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 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 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 SELL signal in short term and selling is picking up 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 533.44 and Lumax Auto (LUMAXTECH) stock is trading below this level. This means that stock is falling with high volumes. 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.