In trading, it's important that you do your homework by marking possible demand and supply levels on charts every day before the market opens. So if you will trade lumaxtech tomorrow, these are its important support and resistance levels which will act as profit booking levels.

Note that these daily levels are valid for Mon 14 October 2024. Make sure you mark these levels on the stock chart of Lumax Auto Technologies Limited. Also check its technical forecast for tomorrow.

Intraday Support Levels for LUMAXTECH

Level	Value
Support 1 (S1)	562.90
Support 2 (S2)	558.20
Support 3 (S3)	554.80

Tomorrow, ₹562.90 will act as the first strong support level for LUMAXTECH. However, if it fails to sustain above Support 1, it may result in further downfall in stock reaching down to ₹554.80. These S&R levels can also be used as entry, targets and stop loss. Intraday traders can sell LUMAXTECH when it closes below ₹562.90 and aim for ₹558.20 as the initial and ₹554.80 as the secondary profit booking level.

Resistance Levels for Tomorrow

Level	Value
Resistance 1 (R1)	₹571.00
Resistance 2 (R2)	₹574.40
Resistance 3 (R3)	₹579.10

If LUMAXTECH moves upwards, it may face resistance at ₹571.00, and if the stock breaks out, the next resistance level will be ₹574.40.

LUMAXTECH (Lumax Auto Technologies Limited) Weekly Support and Resistance Levels

Type	Level	Value
Support	S1	₹544.97
Support	S2	₹533.58
Support	S3	₹519.12
Resistance	R1	₹570.82
Resistance	R2	₹585.28
Resistance	R3	₹596.67

Considering downside probability, if LUMAXTECH experiences selling pressure and starts trending lower, the first key level will be at ₹544.97. If the price breaks below that, it will show strong bearishness in the stock, and LUMAXTECH will find its next support at ₹533.58 followed by ₹519.12 as 3rd support for the week. It is most unlikely that the stock will fall further down Support 3, as the selling pressure gradually reduces over time and new buyers enter the market to push the price further up.

Now, let's talk about the upside/bullish expectations. If LUMAXTECH starts rallying this week, it might face some resistance at the first support of ₹570.82. If the price manages to break through Support1 level convincingly, the stock will continue its upward movement towards ₹585.28 and even ₹596.67 as the last support for this week.

LUMAXTECH Monthly Resistance and Supports

Level	Value
Monthly Support 1 (S1)	₹509.65
Monthly Support 2 (S2)	₹456.90
Monthly Support 3 (S3)	₹413.60
Monthly Resistance 1 (R1)	₹605.70
Monthly Resistance 2 (R2)	₹649.00
Monthly Resistance 3 (R3)	₹701.75

Considering the downside view on monthly charts, if LUMAXTECH starts showing signs of weakness and declines, the first major support level will be ₹509.65. If the price breaks below that, the second support for the month will be ₹456.90 and ₹413.60 as the third support.

However, if the bulls take control and LUMAXTECH starts rallying, the first key resistance level to watch will be ₹605.70. If the price can push through that convincingly, it sets up a potential challenge of the higher resistance levels at ₹649.00 and ₹701.75.

Stocks in the Same Sector as LUMAXTECH

Stock Name	Industry
Maruti Suzuki India Limited	Auto Manufacturers
Tata Motors Limited	Auto Manufacturers
Tata Motors Limited	Auto Manufacturers
Titan Company Limited	Luxury Goods
Bajaj Auto Limited	Auto Manufacturers
Mahindra & Mahindra Limited	Auto Manufacturers
Zomato Limited	Internet Retail
Trent Limited	Apparel Retail
Eicher Motors Limited	Auto Manufacturers
The Indian Hotels Company Limited	Lodging

Summary of Key Levels for LUMAXTECH

Daily Levels:
• Support at: ₹562.90
• Resistance at: ₹571.00
Weekly Levels:
• Support at: ₹544.97
• Resistance at: ₹570.82
Monthly Levels:
• Support at: ₹509.65
• Resistance at: ₹605.70