Tesla Inc Long Trade ideaTesla Inc Long Trade idea
Buying levels: Best Buying/Accumulation Zone between 260 to 272
Stop loss below 254
1st Target 291
2nd Target 323
3rd Target 350
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Search in ideas for "TESLA"
Tesla NeutralTesla trading in horizontal trend line with 940 resistance and 840 support no higher high seen however stock is overbought. If stock break and open below 840 we can see lower lows with strong support at 700 weekly trades: sell 940CE at 8 CMP tg to 0, sell 840 PE at 6.6 cmp tg 0, 2nd sep buy 900 PE at 40+ tg 55 Currently i don’t see any uptrend so 1 way trade direction triggered for me.
NOTE: Trade with techniques these are just a prediction make your own analysis and decide its upto you. Don’t loose hard earned money.
Tesla to Start Making Cars in India, Targeting Vast MarketTesla could be at a good technical buy area, and bolstered by the news of potentially beginning production in India - a MASSIVE market - could bode well for the stock.
RSI also at a good value area. If it starts moving up - especially through the RSI (14) 55 level it would be a good indication of bullishness returning to the stock now that it has spent some time consolidating.
Well worth a watch.
Tesla Making WavesTesla has been moving steadily following a wave like pattern over the last three years. This involves rising wave followed by channel movement. The movement of the stock one direction or the other is very swift indicating high volatility of the stock. The weekly charts show a similar trend. The RSI is currently oversold and long term trends show a slow down in the strength.
I will short at this position, with a downward potential upto 174. 240 would be stop loss for this stock.
tesla The Daily chart for Tesla, Inc. (TSLA), as of December 10, 2023, showcasing the stock's price movements and technical indicators on the NASDAQ exchange. Tesla is a pioneering company in the electric vehicle (EV) and clean energy sector, known for its electric cars, battery energy storage, and solar products.
support at 232: can expect to test swing highs of september
The company has been a focal point for investors interested in the intersection of technology and sustainability.
Observing the technical aspects of the chart, we can see the Relative Strength Index (RSI) at the bottom, which is an oscillator used to measure the speed and change of price movements. The RSI can help identify overbought or oversold conditions, with levels marked at 70 and 30 traditionally indicating these extremes. On this chart, the RSI appears to be nearing the upper threshold, suggesting that Tesla's stock might be approaching overbought territory. This could indicate that some investors may consider taking profits, potentially leading to a pullback in the price. However, an RSI near the overbought region can also persist during strong trends, underscoring the importance of confirmation from other indicators and market conditions.
Regarding support and resistance levels, which are crucial for predicting potential turnarounds or continuations in price, we notice that Tesla's stock has been trading within a defined channel. The lower boundary of this channel could act as a support level, where buyers historically have found value and pushed prices higher. Conversely, the upper boundary is where selling pressure has previously capped upward movements, establishing it as a resistance level.
At the time of the chart, Tesla's stock is closer to the upper boundary of the channel, which may act as a resistance in the short term. A break above this level could suggest further bullish momentum, whereas a rejection could see the stock retreat to lower levels of support.