Lumax Tech Breakout On Weekly Chart Full auto Ancillary Sector is on. Breakout. Lumax Tech also Give Breakout.
It's good bet for Medium to long term with a StopLoss.
Tgt 1500 -1800
Keep SL of 10%
Consult your financial advisor before making any position.
For more information visit my profile on Tradingview.
LUMAXTECH trade ideas
Patience Pays: Spotting the Next Big MoveAs swing traders, these are the type of fascinating chart patterns we live for: a powerful 100%+ move over two months, followed by a beautiful tight price action with declining volume. While predicting the exact direction is never certain, I'm maintaining my discipline and preparing to act when the market reveals its hand. It's all about strategic waiting , sizing your winners well and actively managing risks !
Never forget despite your best assessment , you can still go wrong !!
#SwingTrading #PriceAction #LearnToTrade #riskmanagement
Disclaimer : Please Note, all charts and market views shared by me are presented strictly for educational purposes only. They are intended to illustrate market concepts and personal insights, not to provide financial advice.
Amazing breakout on WEEKLY Timeframe - LUMAXTECHCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
Check this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
> VALUABLE STOCK AVAILABLE AT A DISCOUNTED PRICE
> OPPURTUNITY TO ACCUMULATE ADEQUATE QUANTITY
> MARKET AFTER A CORRECTION / PANIC FALL TO MAKE GOOD INVESTMENT
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Lumax Auto Technologies Ltd. (LUMAXTECH)We always discuss best fundamental and technical stocks of India Stock Market for you, we are trying to increase your fundamental interest also.
Technical Analysis
Current Price: ~₹650.60 (as of May 19, 2025, NSE), with a recent high of ₹679.60.
Trend: The stock has shown a strong uptrend over the past year, with a 1-year return of 34.85% (outperforming BSE 500’s 8.36%) and a 5-year CAGR of 44.41%. However, it’s down 1.62% over the last two days as of May 25, 2025, indicating a short-term pullback.
Key Levels (1-day chart):
Entry: Buy above ₹660 (breakout above recent resistance).
Stop Loss: ₹620 (below 50-day MA for risk management).
Target: ₹750 (analyst median target, aligning with Sharekhan’s December 2024 estimate).
Fundamental Analysis
Company Overview: Lumax Auto Technologies, part of the D.K. Jain Group, is a diversified auto component manufacturer, established in 1981 and headquartered in Gurugram, Haryana. It produces automotive components like lighting systems, gear shifters, chassis, intake systems, seat structures, and telematics for two-, three-, and four-wheeler segments, serving OEMs like Maruti Suzuki, Bajaj Auto, and Tata Motors. The company has 26 manufacturing facilities across six Indian states and nine international partnerships (e.g., Yokowo, JOPP).
Recent Developments:
Acquisition: Completed acquisition of the remaining 25% stake in IAC International Automotive India Pvt. Ltd. for ₹221 crore on May 22, 2025, making it a wholly-owned subsidiary, strengthening its position in interior and plastic modules.
Green Energy Foray: Acquired a 60% stake in Greenfuel Energy Solutions (Nov 2024), entering the green and alternate fuels segment, aligning with EV and sustainability trends.
Lubricants Market: Launched a BS6-compliant range of lubricants and coolants, expanding its aftermarket presence through 25,000 retail partners.
Financial Metrics (as of Q3 FY25, ending December 2024):
Revenue: ₹2,822 crore (FY24, consolidated); Q3 FY25 net sales at ₹905.60 crore, up 23.64% YoY.
Net Profit: ₹166.96 crore (FY24); Q3 FY25 profit at ₹56.03 crore on total income of ₹914.52 crore.
Market Cap : ~₹4,531 crore (as of May 2025).
P/E Ratio: ~27.69, higher than Banco (~20) but in line with sector peers.
ROE: ~13% (FY24, five-year average ~13–16%), slightly below Banco’s ~14%.
Debt: Low Debt-to-EBITDA ratio (0.50), with outstanding borrowing of ₹106.85 crore as of March 2024, indicating strong financial health.
Dividend: Declared a final dividend of ₹5.5 per share (275% on ₹2 face value) in May 2024 and an interim dividend of ₹2 per share in February 2025, yielding ~0.83%.
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 RSI but whatever they choose to enter a trade they mostly miss the value area.
So the purpose of this concept is to entry in a position at a value area which means no jumping into a trade in a random manner.
Although these levels are enough for this year but if all the marked level are exhausted the i will republish the Idea with additional levels.
Questions: What are the rules for the strategy ?
Answer: I have marked all the important value buying area along with a stoploss in the chart where the decision to enter a trade should be made, If you have a buying view or you find that market is bullish but you are not able to figure out where to enter and where might be the target then these levels will surely going to help you out.
Question: So is this concept always going to work out?
Answer: No , Stoploss are going to get hit sometimes but i tried my best to make it more useful.
Question: When will this strategy work to its full potential ?
Answer : If the stock is in trend then the win ratio is great.
Use these levels either standalone or with your strategy to have an edge in the market.
If still you have any questions the just drop a message or a comment .!
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 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in LUMAXTECH
BUY TODAY SELL TOMORROW for 5%
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.
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.
LUMAXAUTO*Lumax Auto*
Study - Rounding Bottom Pattern
-- Had a breakout of Demand zone with high volume
-- Had a retest with high volume near previous demand zone
-- Reversal from Demand zone near 300
Target - 350+
SL - near 275 zone
This chart is only for educational purpose. Do your own study before taking any trades