Beautiful Cup & Handle Pattern is formed on chart.
Entry
We can go long when price breakouts with strong bullish candle above the neckline of the pattern.
Stoploss
We can keep stoploss below the neckline.
Target
Target will be same as depth of the cup as marked on chart
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Buy Tesla below 98 upto 90 sl 87 on daily closing basis.
Positive divergence is clearly visible over 60 period RSI.
If it is 2nd wave, then it can retrace upto 78.6-85% of the rally. Value buying should emerge below 100.
Disc : it's not an investment advise to buy or sell. Do your research.
Expecting Tesla upside 120-125-128
in coming days.
If market recovers are selloff last month, then targets can be achieved
before the expiry of JAN 2023.
Currently, TSLA (20-01-23)* CE is trading @ 4.70
Delta is 0.44
SL will be below the recent low of 104.
*Call (TSLA 230120C00120000)
Holding this Price Support zone of 180 to 174 as Stop Loss
You can Buy at CMP of 195
For a Move back upto Targets of:
T1= 215
T2= 235
T3= 285
T4= 300+
And 180 is also where the Previous 4th Wave is, hence the Minimum Requirement as per Elliot Wave for Wave 2 Retracement has been MET
Main Point being: Tesla Price is now at a Value Zone where Risk/ Reward is in...
As stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient.
With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target...
Tesla formed a Head and Shoulder pattern on charts and have fallen from 222 to 140 already.
Its nearing the bottom and currently at first support level. The support levels are marked on the charts. $118 is strong support if it continues to fall further.
Recommendation is to start accumulating the shares in small quantity from now.
tesla
tesla in negative trend
with a box breakdown
as its tesla high probability for breakdown to turn fake !
and ELON will make a comeback!
as he is here to stay on top position for next 4.5 years
Tesla about to form hormonic ABCD pattern. Target for the same comes near 140$. From there will see next . For this time short near 180$ , target 150$ , 140$ , keeping Sl of 204$
I marked hold levels..., wait for pre-market then choose according to the type of trade you want to take... later after getting into trade I will post Take profit point .. according to make the balance between risk and reward for higher returns.
BUY : 448 TO 500
TARGET 857 TO 1041
Reason For Selling This Script :
In this script it has formed the side ways pattern for longer time frame. Now price came to support of the side ways. And it also forming the triangle pattern in monthly time frame.
Now the price has formed the support in bottom of the box. So we can go for buy as above levels. Once the price...
In most of the cases we should see reversal from 900-870 range but if that's broken a further down till 850-800-750 or so...
don't be in hurry to jump and buy the dip let the market settle
Its not always to the moon...
🔴 Falling wedge pattern is being formed.
🔴When diagonal support and straight line support meets it will become a stronger one.
🔴Price will try to go up from the current support.
🔴If it fails to hold it may go sideways for re-accumulation phase
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
Hi Guys whole corrective structure looks complete in Tesla. I'm expecting price to touch new highs by breaking previous highs. Also i have mentioned the same in my previous ideas that i'm attaching below.
