Lumax Auto Technologies – Fresh Breakout & Retest Opportunity
Lumax Auto Technologies has given a clean breakout above the 1,200–1,230 resistance zone and is now retesting the breakout on the weekly chart. Structure remains strong with higher highs and higher lows — showing continuation of the uptrend.
MACD is stabilizing after a healthy correction, suggesting momentum could rebuild soon.
📊 Swing Trade Setup
Entry Zone: 1,260–1,280
Stop Loss (SL): 1,215 (Weekly closing basis)
Targets: 🎯 1,400 / 1,500 / 1,600
View: As long as the stock holds above 1,215, trend remains bullish with potential for new highs in the coming weeks.
MACD is stabilizing after a healthy correction, suggesting momentum could rebuild soon.
📊 Swing Trade Setup
Entry Zone: 1,260–1,280
Stop Loss (SL): 1,215 (Weekly closing basis)
Targets: 🎯 1,400 / 1,500 / 1,600
View: As long as the stock holds above 1,215, trend remains bullish with potential for new highs in the coming weeks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.