Elliott Wave Analysis of Lumax Auto Technologies LUMAXTECHLumax appears to be in 4th wave currently. The 4th wave turned out to be a flat corrective wave with (3-3-5) internal waves. One lower low is probably remaining before 4th is completed.
LUMAXTECH trade ideas
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
LUMAXTECH sustaining BOLumax Auto Technologies Ltd (LUMAXTECH) is a prominent player in the Indian automotive industry, offering a compelling investment proposition due to several key factors:
1. **Market Leadership and Expertise**: Lumax Auto Technologies has established itself as a leader in the automotive lighting and plastic component sectors. Its strong brand presence and extensive industry experience make it a trusted partner for major automotive manufacturers.
2. **Diverse Product Portfolio**: The company's wide range of products, including automotive lighting, plastic modules, and gear shifters, caters to both two-wheelers and four-wheelers. This diversification reduces dependency on a single market segment and enhances growth opportunities.
3. **Strategic Partnerships**: Lumax has formed strategic alliances with global technology leaders, enabling it to incorporate cutting-edge innovations and maintain a competitive edge. These partnerships facilitate access to advanced technologies and best practices.
4. **Strong Financial Performance**: The company has demonstrated consistent financial growth with robust revenue and profit margins. Its sound financial health and prudent management practices ensure sustainable long-term performance.
5. **Focus on Innovation**: Lumax invests significantly in research and development, driving continuous product innovation. Its commitment to adopting new technologies and improving product quality positions it well in a rapidly evolving automotive industry.
6. **Expanding Market Presence**: With a strong domestic presence, Lumax is also focusing on expanding its international footprint. This global expansion strategy opens up new revenue streams and mitigates risks associated with the domestic market.
7. **Sustainability Initiatives**: Lumax is committed to sustainability, incorporating eco-friendly practices in its manufacturing processes. This focus on sustainability aligns with the increasing global emphasis on environmentally responsible practices.
In summary, Lumax Auto Technologies Ltd. stands out as a compelling investment due to its market leadership, diversified product portfolio, strategic partnerships, strong financial performance, innovation focus, expanding market presence, and commitment to sustainability. These factors collectively position the company for sustained growth and profitability in the competitive automotive industry.
Lumax Tech As we can see Price are on the Sell side So book Profit if Breakout Then Entry
Not Buy sell Recommendation just Case Study for Paper Trading
LUMAXTECH Swing trading opportunity on re-testLUMAXTECH Swing trading opportunity on re-test with tight stoploss
#riskytrade in current market scenario
Trendline Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Lumax Auto- Long-term BOBreak out of the long term trendline with a rapid move.
Entered new Gann box and Fann levels
RSI and MACD in bullish zone
Lumax Auto After a significant correction in the stock and now seems ready to fly 🕊️ l 💸
Weekly close above 30∅ will attract more bulls to this stock
TGT 350- 420-480+
So for me its a buy with sl at 202 (Long term) and below 245 for mid terms
Its time to add this into your watchlist for sure ✅
Note : For educational purpose not any personal recommendation for the mentioned stock.
Bull Circle: lumax auto: Multi year breakout candidateLumax auto has given a multi-year breakout from the previous all-time high. Long term view looks positive.
Chart of the week. Lumax Auto (15/7/22)As I'm extremely bullish on auto sector, I found one more star in this week. Lumax has given breakout this week. 210 was its all time high and since August 18 the stock was trading below 210. This is a very good time to invest money in this stock because CNX Auto index has given breakout plus the stock will trade in blue sky zone. The stock is looking very good in medium to long term. The targets are calculated as per Fibonacci.
CMP - 232 W
Target - 250, 313, 378, 417 W
SL - 195 W
View - Medium to long term.
LUMAXTECH NSE BULLISHVIEW ABOVE 207 CMP 213LUMAXTECH NSE is bullish if 207 holds. New 52 week High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco. Not Sebi Registered.
Stock for Swing Trading Lumax Auto Technologies LimitedLumax Auto Technologies Limited can be a good choice for swing trading for next week. This stock is trading over its monthly CPR, and will be above NEXT week’s CPR if able to sustain the level of 176, and daily RSI has crossed 60. Can be bought above 176, with stop loss of 170 and target levels of 184 and 194. Need to be careful about the low liquidity of the stock though.
Long Term - Cup Breakout StocksLumaxtech
4 Years Cup Ready for Breakout
Entry , Sl & Target are given...
Head & Shoulder Pattern Formation on Weekly Time FrameStrong Fundamentals, looking bullish on multi time frame, given Auto Sector is trending, expecting a good move abv 170 which is a channel breakout.. stock retesting few times... my view is strongly bullish in few weeks.. my recommendation for long with a target of 230
Showing Bullish Divergence looks good above 175Showing Bullish Divergence looks good above 175 for targeted gains of 8-10%
Inverted H & S Pattern👉Lumax Auto Technologies is engaged in the business of Automotive Lamps, Plastic Moulded Parts and Frame Chassis.
👉 Company is almost debt free.
👉If weekly closing will happen best stock for 50% return.
👉Pattern inside a pattern high probability bullish set up.
👉Wait for breakout confirmation.
Better Funda and Upcoming tie-up with German technologyBetter Funda and Upcoming tie-up with German technology
