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LUMAXTECH

Navigating the Waves of Automotive ExcellenceLumax Auto Technologies Ltd.: Navigating the Waves of Automotive Excellence Let's dive into the world of Lumax Auto Technologies Ltd., a stalwart in the realm of automotive components. About Lumax Auto Technologies: Lumax Auto Technologies Limited, a proud member of the Lumax-DK Jain Group, stands as a market leader in crafting automotive components. With over four decades of experience, Lumax Auto Technologies has been a reliable supplier for both Original Equipment Manufacturers (OEMs) and the Aftermarket segment. Elliott Wave Analysis: Now, let's bring in the insights from the Elliott wave perspective: The stock has been on a journey, going through different waves like 1, 2, 3, and 4. Now, it looks like we might be entering wave 5, which is a bigger move. Within wave 5, we've likely finished the first part, and now we're waiting for the second part. Think of Elliott waves like a cycle, showing how the market's mood goes up and down. Wave 5 is interesting because it often marks the last big move in a trend, causing prices to make significant changes. Opportunity Beckons As the waves unfold, the anticipated wave 2 might offer strategic dips, presenting an opportunity to go long. Caution is maintained with an invalidation level set at 332.(Stop-Loss) The journey towards the north could potentially reveal targets reaching 470 and beyond. Of course, in the dynamic world of finance, fingers are crossed for a prosperous journey. Rising Stock Chart Lumax Auto Technologies Ltd. stands at the intersection of experience and innovation, riding the waves of automotive excellence. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:LUMAXTECHLong
by RK_Chaarts
5
LUMAXTECH - Long Setup, Move is ON..NSE:LUMAXTECH ✅ #LUMAXTECH trading above Resistance of 308 ✅ Next Resistance is at 368 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:LUMAXTECHLong
by Sandeep_Aggarwal
2
LUMAXTECH - Ichimoku Bullish Breakout Stock Name - Lumax Auto Technologies Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 275 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:LUMAXTECHLong
by nikunjbhadja
52 Week High Breakout in LUMAX AUTO We can observe that the price has successfully closed above the previous 52 Week's high price which was a major supply zone and the price has reversed from that zone couple of times. Increased volume gives confirmation for zone breakout. The stock has the capacity to make nearly50-60% up move in the coming days. Trade set-up 1) Ideal entry price would be 220-225. 2) Strict stop loss at 140. 3) Possible targets are 266,343,400. 4) book profits as per your risk-reward. Note:- This is not a recommendation, make your own analysis.
NSE:LUMAXTECHLong
by SWING2TRADER
5
LUMAXTECH - Ichimoku Bullish Breakout Stock Name - Lumax Auto Technologies Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 273 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:LUMAXTECHLong
by nikunjbhadja
LUMAXTECH - Bullish H&S pattern - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:LUMAXTECHLong
by TradewithAditya
3