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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 2024-10-18 View latest technical analysis

10 day averaged volume of Lumax Auto is 81345

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	553.10	569.50	569.50	551.05	0.69 times
17 Thu Oct 2024	564.60	575.60	577.00	561.00	0.854 times
16 Wed Oct 2024	572.65	578.60	578.65	566.00	0.507 times
15 Tue Oct 2024	576.50	565.95	577.90	565.95	1.159 times
14 Mon Oct 2024	561.20	567.00	584.95	544.10	2.653 times
11 Fri Oct 2024	567.60	566.05	569.70	561.60	0.419 times
10 Thu Oct 2024	561.35	568.00	569.70	559.00	0.502 times
09 Wed Oct 2024	563.90	558.55	567.30	555.95	0.558 times
08 Tue Oct 2024	554.50	540.00	555.75	537.75	0.601 times
07 Mon Oct 2024	545.05	564.70	564.70	532.00	1.405 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 557, but if it comes above 557, then a intra day buy could be more profitable.
If you take a sell trade below 557, then use 557 as stoploss and 546.7 as target. However if you take a buy trade in stock , then use 557 as stoploss and 565.61 as target.

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	424.05
Downside Target	500.20
Downside Target	513.95
Downside Target	525.30
Downside Target	543.25
Upside Target	569.40
Upside Target	584.95
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	536.48
Downside Intraday Target	519.87
Upside Intraday Target	577.33
Upside Intraday Target	601.57
Upside Intraday Target	560.72

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	553.10	567.00	584.95	544.10	1.683 times
11 Fri Oct 2024	567.60	564.70	569.70	532.00	0.641 times
04 Fri Oct 2024	556.35	576.50	576.50	548.05	0.318 times
27 Fri Sep 2024	572.55	582.95	596.25	569.40	0.603 times
20 Fri Sep 2024	566.35	562.00	589.50	543.25	5.367 times

Price has moved down 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
18 Fri Oct 2024	553.10	567.00	584.95	532.00	0.232 times
30 Mon Sep 2024	562.40	528.50	596.25	500.20	2.083 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 561.03 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 has given negative 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.