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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 2023-05-29 View latest technical analysis

10 day averaged volume of Lumax Tech is 22332

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	319.75	311.05	326.65	311.05	0.993 times
26 Fri May 2023	315.45	317.10	320.45	312.80	0.52 times
25 Thu May 2023	317.55	322.95	325.00	315.95	0.96 times
24 Wed May 2023	322.10	309.45	327.95	308.25	1.995 times
23 Tue May 2023	307.70	310.00	314.90	306.00	0.152 times
22 Mon May 2023	313.35	317.05	323.50	311.50	0.802 times
19 Fri May 2023	321.15	309.50	324.55	309.50	1.198 times
18 Thu May 2023	313.90	314.60	318.00	311.70	0.511 times
17 Wed May 2023	314.55	308.45	318.35	303.50	0.707 times
16 Tue May 2023	302.25	309.95	309.95	301.00	1.065 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 316.6, but if it comes below 316.6, then a intra day sell could be more profitable.
If you take a sell trade below 316.6, then use 316.6 as stoploss and 308.61 as target. However if you take a buy trade in stock , then use 316.6 as stoploss and 326.2 as target.

Share price targets for Lumax Tech (LumaxTech)

Target Type	Value
Downside Target	210.20
Downside Target	217.65
Downside Target	244.20
Downside Target	270.05
Downside Target	289.65
Downside Target	297.15
Downside Target	312.25
Downside Target	314.70
Upside Target	324.55
Upside Target	326.65
Upside Target	327.95
Upside Target	328.40

Intraday share price targets for Lumax Tech (LumaxTech)

Target Type	Value
Downside Intraday Target	311.65
Downside Intraday Target	303.55
Upside Intraday Target	327.25
Upside Intraday Target	334.75
Downside Intraday Target	319.15

Weekly technical analysis of Lumax Tech (LumaxTech)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	319.75	311.05	326.65	311.05	0.224 times
26 Fri May 2023	315.45	317.05	327.95	306.00	0.795 times
19 Fri May 2023	321.15	310.00	324.55	301.00	2.269 times
12 Fri May 2023	308.55	301.95	314.70	297.15	0.736 times
05 Fri May 2023	297.30	311.40	312.25	289.65	0.813 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 Tech (LumaxTech)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon May 2023	319.75	311.40	327.95	289.65	0.863 times
28 Fri Apr 2023	312.35	270.10	328.40	270.05	0.973 times
31 Fri Mar 2023	268.25	261.70	290.20	245.05	0.926 times
28 Tue Feb 2023	265.65	228.10	274.50	210.20	5.505 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 Tech (LumaxTech)

Price action analysis of Lumax Tech ( (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 Tech ( (LumaxTech) ) based on a short 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 Tech ( (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 Tech ( (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 Tech stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Lumax Tech 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Lumax Tech in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 316.35 and Lumax Tech (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 Tech (LumaxTech) stock. Volume based technical analysis of Lumax Tech (LumaxTech) stock is negative.

Lumax Tech 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.