Get started
LUMAX INDUSTRIES LTDLUMAX INDUSTRIES LTDLUMAX INDUSTRIES LTD

LUMAX INDUSTRIES LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

LUMAXIND trade ideas

Lumax Industries Breakout & RetestThe idea here is about Lumax Industries: The Company offers a range of complete automobile lighting systems and solutions, which includes head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a range of applications. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Shark Pattern Completed, Target 1 achieved momentum towards target 2. 2. Broken out & retested Symmetrical Triangle as per chart. 4. Crossover of 20 EMA & 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is Strong buy with an upward momentum. 5. RSI is at 70.87 on a weekly Chart at the time of publishing. 6. MACD way above signal line on weekly chart. 7. Hull Moving Average is on day is sell, Weekly is buy & monthly is sell coming week will decide on the direction of momentum. 8. Keep a watch on price alert. Projected targets as per Shark Pattern provided in the chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:LUMAXINDLong
by Tron029
LUMAX INDUSTRIES_LONGHi, Overview Weekly Chart/ Daily : Main trend is in uptrend, last resistance has been broken with good volume. . 4H / 1 H: I usually be more interested into any trade in these time frames only. On 4 H, last candle is with good volume & having upper wick, represents a price rejection at upper levels. It could be possibility that price might come & check last support level before moving further UP & same pattern you will observe on 1 H time frame Thanks for reading!
NSE:LUMAXINDLong
by ShubhamKatiyar
SHORT TERM IDEA : BUY LUMAXPreviously we saw Trend Continuation Hint in form of Hidden Bullish Divergence. N Wave is completed and By this week completion if Top is not breached then it will be a Bull Fractal formation. We might see Some Drop from here on since already N Wave is completed. Next Rally will be resumed once Stock breaches This Bull Fractal that stock forms. Conservative Traders should wait for Candle Close above Bull Fractal. But Aggressive Trader can enter as soon as High is Breached. There is no TP as of now but once position is active we might be able to derive a Technical Stop and Initial Target. Although we should remain in Long position unless market takes us out. Trying to ooze out every bit of Profit we can out of this trade.
NSE:LUMAXINDLong
by AvinashMudaliar