Lumax Auto Technologies Limited (LUMAXTECH) Stock - Complete Technical Analysis - Nov 14, 2024

Lumax Auto Technologies Stock Analysis Support & Resistance Levels Technical Indicators Breakdow

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Lumax Auto Technologies Limited (LUMAXTECH) is currently trading at 514, with a strong recovery from its 52-week low of 362.5, but still 15.81% below its 52-week high. The stock has shown some resistance near the 525-535 level, as seen in recent price action, and is currently testing support levels around 500. The MACD and RSI indicate that the stock may be in a consolidation phase, while the ADX suggests a strong trend. Momentum indicators such as the Awesome Oscillator and Williams Percent Range are showing bearish divergence, signaling a potential reversal.

Short-term traders should watch for a breakout above 535 for potential upside, while a breakdown below 500 could confirm further downside. The ATR also indicates heightened volatility, which means swift price moves can be expected.

Investors should keep an eye on these support and resistance levels to determine potential entry or exit points.