US 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 ....
Tight Trade - Buys at CMP Stops at 793 targets of upto 880 and 938. LEts do it
Threee reasons why. I bought Tesla (TSLA) Today: 1. It's cool 2. Uptrend on Daily chart 3. Growing volume on Daily Chart (As you can see down on the linked picture)
Tesla Cmp - 623 Stop - 560 on DCB Expectation - T1 - 780 T2 - Open, Review at 780 Expected Holding Period - 80 trading days or earlier for T1 View:- Swing/Positional Disclaimer:- Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Reasons For Trade- 1: Risk Reward 1:3 2.4 Hr chart shows buyers strength 3.daily chart has taken support on trend line created from march 4. price created good base on 1 hr chart for upward movement 5. Price has good support on 20+50+200 days Moving average around 700 6.Fundamentally Strong company so buy on dips recommended for positional
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.