Break of trendline with huge volume1.Formation of cup pattern
2.Volume of the stock is good
3.Strong resistance @274 once it break it will go till 281,285
lumaxtech recommended for btst trade
LUMAXTECH trade ideas
LUMAXAUTO : GOOD PRICE VOLUME ACTION# LUMAX AUTO TECH
NEWS
Acquisition of IAC International Automotive allows us to move up the value chain.
We can do revenue of ₹3,500 crore with 13% EBITDA margin in FY25,
& looking at doubling the aftermarket revenue in 3 years, says Anmol Jain of Lumax Auto Technologies.
THE STOCK BROKEN THE DOWNTRENDLINE WITH GOOD VOLUME.
ALSO HOLD ABOVE THE 200 EMA LINE.
Didclaimer : Personal view only . No Buy Sell Recomendation.
LUMAX AUTO TECHNOLOGY - DAY CHART - 07.02.23 - BAHAVAN CAPITALLUMAX AUTO TECHNOLOGY as per day chart analysis
Stock ABOVE 238 TARGET 240
Happy profitable Trading to All...
LUMAXTECH - DAY CHART - 28.11.2022 - BAHAVAN CAPITALLUMAXTECH as per Day Chart Analysis Stock ABOVE 274 TARGET 279.
Happy Profitable Trading to All...
Small trade opportunity in LUMAXTECH.Small trade opportunity in LUMAXTECH. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reverser immediately.
Target 1: 260
Target 2: 300
Stoploss: 200
Happy Trading!
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.
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
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Lumaxtech - Monthly time frame breakoutLumaxtech is finally giving breakout of cup & handle pattern in monthly time frame, i'm waiting for monthly candle closing and if at the month end, there'll be strong candle closing, i'll go long.
Lumax Auto Tech- Ascending Triangle Breakout.Lumax Auto Tech- Ascending Triangle Pattern Breakout Weekly Time Frame. Only Education Purpose.
4 Years Multiyear Breakout in lumaxtech4 Years #Multiyear #Breakout in #lumaxtech (Lumax Auto Technologies Ltd). #LUMAXTECH is #Outperformed #Nifty in current scenario.
BSE: 532796 / NSE : LUMAXTECH
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
LUMAX AUTO, pure institutional movement Lumax auto share is about to breakout its levels it seems breakout will be LEGIT because there is consolidation going on, we can expect a immediate target of 280.
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.
LUMAXTECH RSI consolidationRSI is consolidating between 55-60.
Trading above 20DMA. consolidating above 20DMA with low volatility.
closing above 183 can give rally toward ATH on daily chart.
R:R is 1:3
Monthly chart looks more interesting. ATH breakout on Monthly chart will pullout further rally
LumaxTechCMP - 199
On the verge of multi year breakout, also formed Inverse head & shoulders pattern
SL - 185 (WCB)
Target - 210, 260, 340+
lumaxtech weekly chart breakoutall levels provided on chart. looks very promising. self explanatory. follow strict stoploss.good luck
#LumaxAuto Cup and Handle BOVolume is hinting something happening in the stock.... Wonderful Cup and Handle BO on weekly TF..... Great stock for positional buy..... 2x on positional basis
LUMAXTECH : RANGE BREAKOUTRANGE BREAKOUT - GOOD CHART PATTERN
Buy@CMP
TARGET 1 - 165| TARGET 2 - 182
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Lumax Rectangular pattern breakoutThe chart is self-explanatory. The stock has strong support at 130.
Abt to exploreLumax after hitting several times 145 seems like to break it and move into new zone!!
If crosses above 145 be ready for 10% swings
Beautiful set upResistance of 145 hit up several times but seems to get break tommorrow for a new zone.. keep on radar once cross 145 gonna have 10% returns in one or two days! Happy earning
