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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 2024-09-25 View latest technical analysis

10 day averaged volume of Lumax Auto is 358717

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	574.55	579.70	579.70	570.05	0.528 times
24 Tue Sep 2024	573.90	582.00	584.00	571.05	0.604 times
23 Mon Sep 2024	577.70	582.95	596.25	574.80	2.264 times
20 Fri Sep 2024	566.35	576.00	589.50	564.00	0.827 times
19 Thu Sep 2024	576.65	573.00	583.35	558.10	1.097 times
18 Wed Sep 2024	572.90	559.10	577.50	558.00	0.983 times
17 Tue Sep 2024	558.40	575.85	578.75	543.25	0.624 times
16 Mon Sep 2024	570.20	562.00	575.00	550.10	2.908 times
13 Fri Sep 2024	520.80	511.00	525.00	507.30	0.305 times
12 Thu Sep 2024	510.20	515.35	515.35	500.20	0.208 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 566.2, but if it comes below 566.2, then a intra day sell could be more profitable.
If you take a sell trade below 566.2, then use 566.2 as stoploss and 540 as target. However if you take a buy trade in stock , then use 566.2 as stoploss and 597.7 as target.

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	549.00
Downside Target	570.05
Upside Target	575.05
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	564.32
Downside Intraday Target	554.08
Upside Intraday Target	590.52
Upside Intraday Target	606.48
Upside Intraday Target	580.28

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	574.55	582.95	596.25	570.05	0.528 times
20 Fri Sep 2024	566.35	562.00	589.50	543.25	5.367 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

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
25 Wed Sep 2024	574.55	528.50	596.25	500.20	1.937 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, and volume has increased substantially. This means that the move can 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 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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 569.54 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.