Technical Evaluation: Lumax Auto Technologies Limited (1D)

The stock

remains in an overarching primary uptrend on the daily timeframe but it is currently undergoing a sharp short-term corrective pullback. After a massive breakout that reached fresh highs near 2200, profit booking has dragged the price back toward its previous breakout base. Despite the recent string of red candles the broader long-term market structure continues to hold higher highs and higher lows. The immediate support zone lies strictly between 1780 and 1800. This band marks the prior multi-month swing resistance from early to mid-2026 which has now transitioned into a key polarity support and demand base. As long as the stock holds above this 1780–1800 threshold on a closing basis the structural bull trend remains intact. A breakdown below 1780 would signal deeper weakness toward the secondary support zone near 1650–1700. On the upside, immediate resistance is positioned at 1950 to 2000, followed by the major supply peak around 2150–2200. For short-term traders entering immediately carries downside risk because the stock has yet to form a confirmation reversal candle. A safer entry setup requires waiting for the price to stabilize around the 1780–1800 support show signs of volatility contraction and regain upside momentum above short-term moving averages.