$TSLA aka Elon Musk's Tesla
Attached: Weekly Price Chart as of 14th October, 2022
- Price has triggered a Head & Shoulder TOP Pattern Breakdown
- Tesla still has a PE of 74 which is Overvalued and Expensive compared to Peers and Unsustainable in a FED Tightening Environment
Elliot Wave Counts say that a Larger Degree 5 Wave Impulse in Wave 1 has...
I see Indian Nifty at 14200 (Logarithms) and 13800 (Regular) scale
Bears will be super active Below 17070 levels & long will be active above 18000 levels and I assume 95% probability of Nifty going to these lower levels in 60-70 days !!
* for educational purpose , Trade at your own Risk !!
19 date this year has been soo important as we can see the highs lows or the reversal have occurred on these dates...
its a complete W.D.gann's analysis
the dates on chart i mentioned will play an iconic role in nifty
This is How I try to learn to catch Tops and bottom, Market is like an "Infinite Sea"- full of earnings & looses.. but beauty of this sea is that it behaves in a systematic manner like a nature which is very well explained in Elliot Wave theory and Neo Wave theory .
A good entry and exit always gives u maximum return and vice versa for that u really need to...
The market falls sharply due to the impact of heavy inflation on other countries and projected recession
the support and resistance are marked on the chart.
take less quantity to trade cause heavy whipsaws movement can occur.
volatility is near 22.60
Chart is only for illustration purpose
My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart.
If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022...
The US VIX (volatility index) is over heated at +32 which is unusual. As the US indices have been corrected up to 20-32% from the swing high, technically it is already a crash and enter of bear market especially the technology sector, the most hit one. Next level is recession. My observation is, the increasing VIX is alarming further potential sharp correction in...
Curently Stock is at MonthlyDemand Zone. Trade is active, buy in part 1401 / 1350 / 1221.
for the target of 1659 / 1792 . strong close weekly close above 1792, Stock will move towards 1964 / 2161.
Stop loss will be weekly close below 1200.
Note: only risky traders can re-accumulate at 1062 / 1000 - For Long term Investors.