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(LumaxTech) Lumax Tech complete technical analysis [charts+indicators] | Buy/Sell Lumax Tech | (LumaxTech) share price targets

Complete technical analysis of Lumax Tech (LumaxTech) by charts plus indicators, forecast predictions and share price targets for Lumax Tech (LumaxTech)

Showing technical analysis as on 2024-10-18 View latest technical analysis

10 day averaged volume of Lumax Tech is 7346

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	553.05	575.00	575.00	552.50	0.38 times
17 Thu Oct 2024	563.90	573.05	573.10	560.80	0.701 times
16 Wed Oct 2024	572.95	576.65	577.75	566.00	0.955 times
15 Tue Oct 2024	576.65	568.00	577.75	566.15	1.388 times
14 Mon Oct 2024	562.00	575.70	584.75	546.00	1.704 times
11 Fri Oct 2024	567.00	565.70	568.65	561.00	0.183 times
10 Thu Oct 2024	560.55	567.80	569.90	560.00	0.25 times
09 Wed Oct 2024	563.25	558.80	566.60	557.70	0.992 times
08 Tue Oct 2024	554.65	544.20	555.10	538.05	0.701 times
07 Mon Oct 2024	544.50	562.60	565.45	531.90	1.231 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 557.7, but if it comes above 557.7, then a intra day buy could be more profitable.
If you take a sell trade below 557.7, then use 557.7 as stoploss and 547.1 as target. However if you take a buy trade in stock , then use 557.7 as stoploss and 566.55 as target.

Share price targets for Lumax Tech (LumaxTech)

Target Type	Value
Downside Target	431.00
Downside Target	501.50
Downside Target	514.00
Downside Target	525.55
Downside Target	542.85
Upside Target	569.90
Upside Target	583.85
Upside Target	584.75
Upside Target	589.35
Upside Target	595.00
Upside Target	608.15

Intraday share price targets for Lumax Tech (LumaxTech)

Target Type	Value
Downside Intraday Target	537.78
Downside Intraday Target	522.52
Upside Intraday Target	576.53
Upside Intraday Target	600.02
Upside Intraday Target	561.27

Weekly technical analysis of Lumax Tech (LumaxTech)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	553.05	575.70	584.75	546.00	1.527 times
11 Fri Oct 2024	567.00	562.60	569.90	531.90	0.854 times
03 Thu Oct 2024	561.40	583.85	583.85	555.00	0.292 times
27 Fri Sep 2024	572.40	589.00	595.00	570.00	0.914 times
20 Fri Sep 2024	566.70	553.75	589.35	542.85	2.422 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 Tech (LumaxTech)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	553.05	563.00	584.75	531.90	0.265 times
30 Mon Sep 2024	562.25	528.00	595.00	501.50	2.287 times
30 Fri Aug 2024	525.60	560.00	584.00	514.00	0.427 times
31 Wed Jul 2024	563.20	584.65	608.15	525.55	0.674 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 Tech (LumaxTech)

Price action analysis of Lumax Tech ( (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 Tech ( (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 Tech ( (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 Tech stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Lumax Tech in short term but the sell signal is initial and weak.

Lumax Tech 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 Tech 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Lumax Tech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 562.45 and Lumax Tech (LumaxTech) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Lumax Tech (LumaxTech) stock. Volume based technical analysis of Lumax Tech (LumaxTech) stock is negative.

Lumax Tech 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.