Tesla Motors (TSLA)
#NIFTY #SENSEX #BANKNIFTY #TSLA #RELIANCE #AMZN #BUDGET2021 #NSEWondering where will NSE:NIFTY move?
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A plain and simple analysis. Expected price movements.
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A. Jan 8th/21 Open: 14258.
FIIs buy in of 6k Cr. in one day.
B. Jan 20th/21 Close: 14753.
Nifty all time high.
Around 550 points jump from point A. (In white straight line)
C. Jan 29th/21 Close: 13634.
FIIs sell off around 6k Cr. in one day. Maximum since lockdown. Down move expected.
D. Feb/21(E)
Expected to make the low of 131XX. Market move in patterns. A reversal expected from 131XX levels.
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131XX makes a Fibo retracement levels of 23% since lowest of pandemic levels .
When ever NIFTY around that levels, u can invest the best funds.
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Tesla to retest $500 mark.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.
Good luck!
Tibor
Battery requires charging Tesla has made dark cloud cover pattern near the top of trend channel. RSI divergence is also appearing on daily chart.if breaks low of 2186 then we might see 2025 and lower levels. 1650 is the zone where market had made breakout. It will now acts as support for the consolidation. Break of yesterday's high will negate the bearish view.
NIO on the road to a new ATHchannel drown in January, fib in October 2019... With the heavy demand in a new Tesla, NIO could be up for a gold rush if they manage record numbers in June (once again after May).
I consider NIO as the only real competitor to Tesla and take them more seriously since they have refocused their strategy last year.
Bonus: Opposite of that scam that is Nikola (NKLA)