Tesla Inc Long Trade idea
Buying levels: Best Buying/Accumulation Zone between 260 to 272
Stop loss below 254
1st Target 291
2nd Target 323
3rd Target 350
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational...
Hello Friends
Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions,
In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found.
On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on...
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 ....
NASDAQ:TSLA After hitting multi year resistance line now in a consolidation mode. As per the pattern history will go for long consolidation before breakout? Educational purpose analysis not a reco! DYOR!
26-May-21
NASDAQ:TSLA
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
