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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.

10 day averaged volume of Lumax Auto is 120309

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	473.60	478.80	479.20	471.70	0.765 times
22 Mon Apr 2024	478.80	470.00	484.50	466.90	1.26 times
19 Fri Apr 2024	463.65	459.70	470.00	448.95	1.076 times
18 Thu Apr 2024	457.80	471.85	471.90	455.50	0.691 times
16 Tue Apr 2024	468.85	450.00	478.45	447.10	1.293 times
15 Mon Apr 2024	452.95	455.00	462.20	442.20	1.182 times
12 Fri Apr 2024	465.00	475.70	475.70	462.75	0.593 times
10 Wed Apr 2024	469.85	477.00	479.90	467.50	0.722 times
09 Tue Apr 2024	477.55	474.00	484.10	474.00	0.643 times
08 Mon Apr 2024	474.00	477.10	481.05	471.35	1.05 times

My analysis of stock is bearish for shortterm, and stock might move down till 463.1 or till 449.7. Use a stoploss of 474.25 and if the stock hits stoploss, then it can shoot up till 485.43

Share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Target	362.50
Downside Target	398.70
Downside Target	442.20
Downside Target	462.00
Upside Target	478.45
Upside Target	484.10
Upside Target	484.50
Upside Target	489.85
Upside Target	498.90
Upside Target	502.30

Intraday share price targets for Lumax Auto (LUMAXTECH)

Target Type	Value
Downside Intraday Target	465.5
Downside Intraday Target	457.4
Upside Intraday Target	483.1
Upside Intraday Target	492.6
Upside Intraday Target	475

Weekly technical analysis of Lumax Auto (LUMAXTECH)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	473.60	470.00	484.50	466.90	0.477 times
19 Fri Apr 2024	463.65	455.00	478.45	442.20	1.41 times
12 Fri Apr 2024	465.00	477.10	484.10	462.75	0.464 times
05 Fri Apr 2024	477.05	494.00	502.30	476.00	1.838 times
28 Thu Mar 2024	483.20	472.25	489.85	462.00	0.388 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
23 Tue Apr 2024	473.60	494.00	502.30	442.20	0.403 times
28 Thu Mar 2024	483.20	482.00	489.85	398.70	0.253 times
29 Thu Feb 2024	480.85	410.00	498.90	374.55	6.299 times
31 Wed Jan 2024	389.70	386.45	403.95	362.50	0.94 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Lumax Auto in short term but the sell 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 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 and the buying is gaining 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 468.16 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.