Tesla is in ascending triangle which has bias to break to the upside.
Good fundamentals and strong demand.
RSI is also in ascending triangle.
I expect the price to either retest the uptrend line or break the $460 mark and go for $500.
How to play this?
So either buy the break of $460 or set a long position at $415 for improved reward.
Nelcast might break the red trendline and if it breaks then you may witness 53.50 followed by 56.
In case it breaks the support level, then there is high chances it may touch 45 levels.
1. On may 30,2020 I posted my first analysis on this stock till now even a single week missed my targets. Providing all statements chronologically as proof of precision with figures and dates for your consideration. In point no.1 of the same date, I clearly mentioned " Upper range in the form of an evening star...
1. On the 16th of June 2020, I mentioned about harami pattern and shared blue dotted line almost 24 days ago that target was achieved on the 9th of July 2020. That post statement is quoting for your consideration and fig also to authenticate my claim. " When this movement started I informed by highlighting the white circle pattern...
1. On the 4th of July 2020, I gave the title " IS ITC READY TO MOVE UP OR GOING RANGE BOUND SEE YOURSELF !! and today it is "IS ITC READY TO MOVE DOWN OR RANGE BOUND SEE YOURSELF !!". There is only one thing common that is rangebound in both titles. Why it is so? See in last post point no.4 I wrote is quoting for your consideration " ...
Hi traders/ Investors,
1, On the 5th June 2020 my post title was " SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW?"
In point 2 I mentioned is quoting as the proof on my wording shared on the same day "Traders I made one red dotted line til price do not take this out, no shorts buy on the dip is a good strategy for...
1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This...
India Bulls Housing Finance looks good to me.
However, need to wait for the price to correct a bit and let touch the trendline and support zone.
If it holds and shows and reversal candlestick pattern, I will take long position in IBULHSGFIN with a Stop Loss at 120.
1. On 30th May 2020, I published my analysis on this stock where I mentioned in Point No. 3 is quoting for your consideration. " Otherwise the current market price is the right place to go down. If it moves down only then the accumulation process will start. If upper red channel band and the red dotted line are not taken out then see...
1. In last week's post, I mentioned in the trade plan next week is quoting for your consideration. " if the price takes out a yellow line with the above-mentioned condition then the trend will change to upside." See in the last post I showed you two patterns circled in white and red. The white one evening star and red one dark cloud on...
Hi Traders & Investors,
1. Four weeks ago I mentioned in my blog that how this stock will move with some conditions and every week It seemed to follow exactly manifested moves. The lines I am quoting that I mentioned last week too as it is behaving the same. " " I showed a red buy zone in fig. where I shared investors and traders...
1. On May 25th, 2020, I mentioned in the analysis is quoting for your consideration " 2. Now come to the technical part. I showed you a volume area that it is decreasing with increasing price. Therefore, the volume relationship with the price should come down. But what I feel is this is classic trapping of sellers. Hope has been...