TESLATESLA
HIT 38.2% retracement
Make A swing Bottom
Form a Morning Star candlestick Pattern
Can create near term bullish outlook
as long as hold Swing Bottom low
RSI exit the oversold
Swing Bottom Gets Created
Based on Higher low and Higher High
L > L1-
L1-< L-2
H > H-1
H-1 < H-2
Today body gap up
yesterday body gap down
If moving average is crossed then trend can get confirmed.
Price above average is up trend and Price below down trend is down trend.
As a result of swing bottom based on above logic.
low of swing bottom critical formed in 2 day for any reversal process to resume and further to get confirmed.
This is strategy. How one can look at in combination of retracement, candlestick and RSI
This is for educational purpose and not a buy or sell.
The above comments are based on chart observation of indication and candle patterns.
Search in ideas for "TESLA"
Sell-off Exhausted | TeslaUS markets ( S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve .
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello Friends
Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions,
In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found.
On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on "Wave (3)," which tends to bring about significant market changes.
Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics.
Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v).
But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario.
In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2).
As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Tesla | Bullish Tesla is trading in one of the lowest levels since retracements. Good part is most of the bad news is already factored in. Now investors need to wait only for the good news which are :
Interest rate cut (highly likely to drive up car sales , especially Tesla since it's expensive and most of the TESLA cars are bought on EMI; lower interest rates --> lower EMI)
Elon pay package (likely to get through in June)
Tesla re-structuring likely to improve productivity
best buying levels : $140-180
Great buying levels : $180 - 225
Post that, wait and watch as it sky rockets.
PS: This is my study and I have the full right to be wrong :) :D
Anticipating Tesla to reach 320 within Wave V.Anticipating Tesla to reach 320 within Wave V.
In Elliott Wave Theory, the concept of "Wave V" represents the final major move in a five-wave sequence. It is usually the wave that follows after Wave IV, and it often leads to the end of a significant trend. In the case of Tesla stock (TSLA), anticipate it to reach 320 within Wave V.
Double Bottom Pattern Formation #TESLATime Frame: 30 Min | Pattern: W Pattern | Entry: 201 | Take Profit: 13.74% | Stop Loss: Below Resistance line at 200
A W pattern has been identified on the 30-minute chart of Tesla (TSLA), with a confirmed breakout at 200.67. The pattern formation suggests an uptrend of 13.74%, which could serve as a take profit target. The entry point could be at 201, with a stop loss placed below the resistance line at 200, which has acted as a strong barrier in the past. Please note that this is a measurement idea, and past performance does not guarantee future results. As with any trade, it is important to manage risk and trade responsibly. Best of luck!
A long term tesla prediction.Based on technical analysis tesla might continue to fall between 770-730.and rebound from there.thus start its bullish run to a minimum of its all time high.but its all based on technical analysis there should be proper risk management..though it will take take time..till that wait and watch out for fundamental analysis, which can effect this stock as it’s CEO is elon musk. [;
Live Challenging Market Analysis Buy TESLA @ 511.12Market Analysis
Live Challenging Market Analysis Buy TESLA @ 511.12
Target @ 780.37
Entry 2 @ 333.72
Target Buy 1 & 2 @ 511.12
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Forex Tamil
Tesla Inc. (TSLA) NASDAQ @ 321.22Tesla Inc. (TSLA) NASDAQ @ 321.22
Supports: 138/101
Resistance: 414.55
As long as 138 holds support, We can see big bull move.
As per my analysis, we are in the wave (3).
Immediate target for this up move is 357 and followed by 414, 455.
Ultimate target for this move is 512-612.
LONG TERM TARGETS: (512-612), 670, (764-830-921), 1034, (1155-1221-1334).
My view: BUY on DIPS for 500/700/1000+