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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 2024-09-17 View latest technical analysis

10 day averaged volume of Lumax Auto is 169171

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	558.40	575.85	578.75	543.25	1.322 times
16 Mon Sep 2024	570.20	562.00	575.00	550.10	6.166 times
13 Fri Sep 2024	520.80	511.00	525.00	507.30	0.647 times
12 Thu Sep 2024	510.20	515.35	515.35	500.20	0.441 times
11 Wed Sep 2024	512.20	516.50	521.45	505.10	0.382 times
10 Tue Sep 2024	516.85	511.55	521.55	510.05	0.422 times
09 Mon Sep 2024	511.55	520.00	521.55	504.75	0.651 times
06 Fri Sep 2024	516.70	525.20	527.35	515.00	0.292 times
05 Thu Sep 2024	523.90	521.00	527.20	516.80	0.341 times
04 Wed Sep 2024	516.50	520.95	528.10	515.00	0.379 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 564.6, for a target of 545.7 or 529.9

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	450.70
Downside Target	500.20
Downside Target	543.25
Downside Target	548.90
Downside Target	549.00
Upside Target	575.05
Upside Target	578.75
Upside Target	595.60
Upside Target	609.95

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	541.52
Downside Intraday Target	524.63
Upside Intraday Target	577.02
Upside Intraday Target	595.63
Upside Intraday Target	560.13

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	558.40	562.00	578.75	543.25	2.944 times
13 Fri Sep 2024	520.80	520.00	525.00	500.20	1.533 times
06 Fri Sep 2024	516.70	528.50	532.00	515.00	1.034 times
30 Fri Aug 2024	526.25	542.50	549.00	524.70	0.573 times
23 Fri Aug 2024	540.20	525.00	548.90	516.15	0.952 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
17 Tue Sep 2024	558.40	528.50	578.75	500.20	0.904 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
28 Fri Jun 2024	582.90	492.00	595.60	424.05	2.363 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 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 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 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 BUY. 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 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 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 551.31 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.