TSLA: Ready for a Space Trip?As per chart action we all can see that TSLA is now heading upwards journey.
with TSLA now, umbrella company SPACEX is also doing good in its segment and TSLA is getting better opportunity to do manufacturing and enter in developing countries like india etc.
Also with Giga Factory expansion and making New Tesla cell technology
with that they can use that technology to take advantege in their new products also.
With current price(260) with target of new high (around 420-440) and with SL of 140.
It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Tslalong
Tesla Inc Long Trade ideaTesla 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 purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello 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 "Wave (3)," which tends to bring about significant market changes.
Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics.
Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v).
But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario.
In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2).
As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Sell-off Exhausted | TeslaUS 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 .
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
Tesla (TSLA) | A great opportunity to invest🎯Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known.
Based on the count that was done and according to the channeling, we realized that the main waves 1, 2, 3 and 4 have been formed and now we are inside the 5 main wave.
From the main 5 wave, waves 1, 2 and 3 have ended, and now we are inside wave 4. At first we thought that wave 4 was zigzag , but then we reached the triangle.
This triangle corrected wave 3 more than usual and the correction continued to Fibo 0.78 and the channel floor.
We assume that this recent ascent was related to wave 1 of the main wave 5 because it has changed in terms of slope compared to the previous wave, and this trend was the correction side of wave 1, after which we will wait for the ascending trend.
If the specified limit is broken downwards, the impulse structure is probably over and we are in a higher level correction.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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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