Buy Lux Industries 40% returnLux Industries chart if back-tested shows that it has traded in a range between two price points 1123 and 1559. The range is around 40% wide and today the stock has touched the bottom of the range. After touching this price it has touched 1559 in a short period of time in the past for a total 4 times. The years in which the range was covered are 2017, 2019,2020 and the latest being 2023 itself. In 2023 it made a bottom at this price and then bounced back. History will repeat itself and the stock will again touch 1559 very soon.
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Lux Industries What a Move TodayHappy Deepawali to all of you
I wanted to share some exciting investment insights with you, and I want to preface by stating that I am not a financial advisor, and the information provided here is solely for educational and informational purposes. Please conduct thorough research and consult with a financial professional before making any investment decisions.
The Lux Industries stock has shown promising signs as a potential investment opportunity. It completed its (2)nd wave at the intermediate degree on March 31, 2023, and since then, it has initiated an impulsive move for its (3)rd wave. Additionally, it has completed its wave 1 and 2 at the minor degree and is currently in the minor degree wave 3. Today's market movement indicates a minute degree (i), which concluded at a high of 1530, followed by a sharp correction in wave (ii). According to the Fibonacci series, the stock appears to be at or near its bottom, as indicated on the chart.
I would like to emphasize that investing in the stock market involves risk, and it's essential to perform your due diligence, consider your risk tolerance, and have a well-thought-out investment strategy.
Lux Industries investment opportunity holds special significance for me, and I want to extend my sincere gratitude to all my followers on TradingView for your support, likes, and comments. Your encouragement is greatly appreciated, and I am grateful for the opportunity to share these insights with you.
Lastly, I would like to express my appreciation to the team at @ TradingView for providing a wonderful platform that facilitates sharing knowledge and ideas within the trading community.
Wishing you a prosperous and joyous Deepawali, filled with wealth and happiness. May your investments be fruitful and your financial journey successful.
Thanks and warm regards
Luxottica Offers Attractive Risk-RewardLuxottica's slowing fall over the past six months has been nicely accompanied by bullish or improving momentum divergences. Levels around 42 seem to serve as a good floor for the time being. The 50day moving average has been capping any efforts since May, and a break above it, may be a first technical catalyst, with the second waiting @44.69 for the completion of a small base. Worth a long with stop @41.90 / initial targets @50.00