Cmp - 623
Stop - 560 on DCB
T1 - 780
T2 - Open, Review at 780
Expected Holding Period - 80 trading days or earlier for T1
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Tesla is in a good position to buy , Take Profit on 50MVA. If it crosses 50 MVA on Day TF , it may touch 673.95 .
Tesla is launching a new luxury model , retail investors are optimist about the news.
IMPORTANT : It is not a financial advice . Just for education purpose.
Breakout Failure on top.
The chart structure is shifting towards consolidation and test of supports.
Sustaining and closing below 601 in the coming weeks may well take Tesla to break the low of 546 & then proceed to achieve 450-36 to 420 range.
The Down move scenario gets invalidated on successive closing above 670
Tesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also...
Live Challenging Market Analysis Buy TESLA @ 511.12
Target @ 780.37
Entry 2 @ 333.72
Target Buy 1 & 2 @ 511.12
Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to...
Tesla Motors is already oversold in February. Swing trade setup buy at current levels 650-725, stop loss as per your risk profile for targets 777/829. Less risky traders can buy March 05 700 call option.