BULLISH TREND ON CHARTS - TESLAASCENDING TRIANGLE PATTERN IN FORMATION
LOWER VOLUMES
BREAKOUT ABOVE 463 LEVELS EXPECTED IF 430 LEVELS SUSTAIN
CAN BE A GOOD BULLISH BET FOR SHORT TERM AS PER ABOVE LEVELS
Search in ideas for "TESLA"
Nifty levels for Upcoming sessionNifty levels for Upcoming session 2H chart used for analysis
*Chart Pattern & Trend*
Head and Shoulders pattern was formed ,& last session was W/expiry so we have seen moves also toward the trend. Now trend line is touching at resistance 11427 which is important level & if trend line breakout then we can see the level of 11493.If breakdown the level of 11388 then we can see the level of 11305.
*PE*
33.26 (16-Sep-20) was more than 33.18 01-Oct-20, Last Days Average PE is 32.53 & LAST 14 Highest Average PE is 32.9, As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.
*RSI*
1 HRS-69 , 2 HRS-67 , Daily-55 , Weekly-58 , Monthly-50 , As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.
*FII & DII Activity*
FII-
Buy Value:4708 Crores
Sell Value:3075 Crores
Net Value: 1633 Crores
DII-
Buy Value:3277 Crores
Sell Value: 3017 Crores
Total Value:260 Crores
*News*
Positive news
Bank Loan Moratorium- Central gov decision to waive intrest on intrest could cost 7000 crore.
Negative News
USA Market has encash the trump family covid-19 news ,Tesla sell news.This news may impact to our indian market also.
*Trading Range*
11388-11493 is the Trading Range for upcoming session.
*Call PUT OI Buildup (Weekly Expiry 08 Oct 2020)
Put OI is Active as Support at level 11300/11200 & Call OI is Active as Resistance at level 11500/11600
*Dollar Index*
93.907 +0.145 +0.15%
Trends on Tesla confirms (revised)Its was the first analysis which I had the pleasure of publishing. my target price has been increased so I had to review and correct some of my rookie mistakes. so I hope this would be helpful.
TSLA Correction PossibleTSLA support is seen around 687 and may consolidate if support is strong at that level. If it breaks support it will correct sharply.
RSI going higher, Momentum Weakening - Short Term ShortNASDAQ:TSLA is a definite short, it has sustained momentum for a few days, and the RSI is well over expected limits. Short Tesla now for 2-3 days.
go long on tata motorsThe stock is at a fibonacci support level and has very good support at 340,321,284,265,the RSI is oversold and the MACD is also near very strong supports,the trend is near a reversal.
LINK FOR THE INFORMATION ON THE FUNDAMENTAL SIDE
www.forbes.com
uptrend in a rangeShopify (SHOP) will be one of the biggest winners in the space, as it provides an ecommerce platform to retailers and individuals who are selling their products online. The company currently powers more than 377,500 businesses in about 175 countries, and some of its customers include Tesla (TSLA), General Electric (GE) and Nestle.
SHOP has come close to doubling its annual revenue each year since 2013 — a truly remarkable feat — and I think that growth only continues from here.
Long Term Investment The Brokers wont Tell UDear Investors(Not Traders)
The Engineering field is in fast development and New innovations and refined technology is evolving every day,Recently scientists developed polymer based solar cells (very cheap) with 13% efficiency solar and is in production now.The traditional solar cells are very costly and only 3 to 5 % efficiency.
Another development is in the field of Storage battery which is claimed that the current Lion Battery Technology(mobile Battery) is refined to get four times the capacity with reduction in price almost less than half.
Combining the above technologies in auto sector You will have a sedan cars in roads with a 500 to 1000 km range in a single charge and getting more km with the roof top solar cells from rupees 10 lakhs onwards by 2020 to 2025
Suzuki still not launched any electric vehicle in India.
Now a days New business bombarding the market and trying to wipe out the existing players,like Reliance JIO,PATANJALI.
At present Mahindra had an electric vehicle in the Indian market.If suzuki is not introducing any electric vehicle in the market very soon Tesla the US company(Have very good relationship with Hon.Prime minister of India Mr.Narendra Modi) will Bombard the Indian auto market and maruti is going to meet the fate of Hindustan Motors (Ambassador).
Your comments and likes are welcome
Wish all of U HAPPY ECO DRIVE
