Lumax Auto Tech - Long Consolidation BreakoutLumax Auto Tech.: at Long Consolidation Breakout. CMP 597. Momentum is strong supported with volumes. Expected levels of 700.
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22.75 INR
1.30 B INR
28.22 B INR
26.88 M
About LUMAX AUTO TECH LTD
Sector
Industry
CEO
Vikas Marwah
Website
Headquarters
Gurugram
Founded
1981
ISIN
INE872H01027
FIGI
BBG000C111Y2
Lumax Auto Technologies Ltd. engages in the manufacture and trade of automotive components. Its products include two-wheeler chassis, electrical and electronics components, gear shifters, intake system, integrated plastic modules, and oxygen sensor. The company was founded on October 30, 1981 and is headquartered in Gurugram, India.
Lumax Auto Tech posted solid results and in long baseLumax Auto Technology, a market leader in Gear Shifters posted solid Q4Fy24 results.
TA:
-Auto Ancillaries are showing strength
-Long Base, testing 5th time
-Making HLs (Higher lows)
-Price Contracting
Needed good vol for breakout (BO).
Check how it reacting when reaching Hundred's (like 300, 400)
IMPORTANT EXPECTED DIRECTIONAL LEVELS FOR THE YEAR 2024In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy .
I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RS
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that
LUMAXTECH Pyramiding on profitable position set up1. Trend: Bullish
2. Set up: Fresh breakout
3. Breakout: after 5 months consolidation
4. RR is lucrative
LUMAXTECH: New fresh breakout with ATH 1. Fresh breakout with ATH breakout
2. Big rounding bottom pattern
3. Candle close shows strength in the move and dominance of bulls
4. Trend is up
Lumax india. possible break out ? Sales have increased by 65% YoY and Operating margins have expanded by 14 % . The company had recently acquired a business.
Lumac- 8 ka funda 100>200 TRAPLumac- 8 ka funda 100>200 TRAP
1) Consolidatin
2) Seems it may up move as not too far from 200 ema
#LUMAXTECH (Weekly)⚡️Stock trading near ATH
⚡️Good Quarterly Results
⚡️Surfing along 21 WEMA
⚡️3 months tight range
⚡Rectangle Pattern
🔴 SL 360
🟡 CMP 372
🟢 TGT 410/465/558
See all ideas
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Frequently Asked Questions
The current price of LUMAXTECH is 616.00 INR — it has decreased by −2.68% in the past 24 hours. Watch LUMAX AUTO TECHNOLOGIES LTD. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange LUMAX AUTO TECHNOLOGIES LTD. stocks are traded under the ticker LUMAXTECH.
LUMAXTECH stock has risen by 5.65% compared to the previous week, the month change is a 19.15% rise, over the last year LUMAX AUTO TECHNOLOGIES LTD. has showed a 64.46% increase.
We've gathered analysts' opinions on LUMAX AUTO TECHNOLOGIES LTD. future price: according to them, LUMAXTECH price has a max estimate of 767.00 INR and a min estimate of 691.00 INR. Watch LUMAXTECH chart and read a more detailed LUMAX AUTO TECHNOLOGIES LTD. stock forecast: see what analysts think of LUMAX AUTO TECHNOLOGIES LTD. and suggest that you do with its stocks.
LUMAXTECH reached its all-time high on Dec 18, 2024 with the price of 652.00 INR, and its all-time low was 3.00 INR and was reached on Mar 12, 2009. View more price dynamics on LUMAXTECH chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
LUMAXTECH stock is 4.41% volatile and has beta coefficient of 1.04. Track LUMAX AUTO TECHNOLOGIES LTD. stock price on the chart and check out the list of the most volatile stocks — is LUMAX AUTO TECHNOLOGIES LTD. there?
Today LUMAX AUTO TECHNOLOGIES LTD. has the market capitalization of 41.99 B, it has increased by 7.93% over the last week.
Yes, you can track LUMAX AUTO TECHNOLOGIES LTD. financials in yearly and quarterly reports right on TradingView.
LUMAX AUTO TECHNOLOGIES LTD. is going to release the next earnings report on Feb 14, 2025. Keep track of upcoming events with our Earnings Calendar.
LUMAXTECH net income for the last quarter is 428.76 M INR, while the quarter before that showed 316.98 M INR of net income which accounts for 35.26% change. Track more LUMAX AUTO TECHNOLOGIES LTD. financial stats to get the full picture.
Yes, LUMAXTECH dividends are paid annually. The last dividend per share was 5.50 INR. As of today, Dividend Yield (TTM)% is 0.89%. Tracking LUMAX AUTO TECHNOLOGIES LTD. dividends might help you take more informed decisions.
LUMAX AUTO TECHNOLOGIES LTD. dividend yield was 1.14% in 2023, and payout ratio reached 28.80%. The year before the numbers were 1.68% and 33.02% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Dec 23, 2024, the company has 908.00 employees. See our rating of the largest employees — is LUMAX AUTO TECHNOLOGIES LTD. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. LUMAX AUTO TECHNOLOGIES LTD. EBITDA is 3.88 B INR, and current EBITDA margin is 13.18%. See more stats in LUMAX AUTO TECHNOLOGIES LTD. financial statements.
Like other stocks, LUMAXTECH shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade LUMAX AUTO TECHNOLOGIES LTD. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So LUMAX AUTO TECHNOLOGIES LTD. technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating LUMAX AUTO TECHNOLOGIES LTD. stock shows the strong buy signal. See more of LUMAX AUTO TECHNOLOGIES LTD. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.