Looks like Tesla might test 196$ in the coming days based on support and resistance
See at 5 min TF u would get a better picture, and wait for price action for confirmation at 5 min TF
Time Frame: 30 Min | Pattern: W Pattern | Entry: 201 | Take Profit: 13.74% | Stop Loss: Below Resistance line at 200 A W pattern has been identified on the 30-minute chart of Tesla (TSLA), with a confirmed breakout at 200.67. The pattern formation suggests an uptrend of 13.74%, which could serve as a take profit target. The entry point could be at...
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Wait for conformation , RSI is not confirming the any directions. See in chart we have marked strong selling zone and weak buying zone. Currently stocks under presser has many resistance and weak support. We may get break out downside
TESLA ANALYSIS - Fibonacci levels along with 200 moving average.
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
I think TSLA will make its way down if we break below $195 support. If it doesn't make a higher low in this trading range (above $195 as support), this will go down to $150 again imo We also are rejecting a 50% fibonacci on the daily (from recent high rejection, dragged to subsequent low (downward fib) All my opinion.
Tesla as per present time a meaning full investment idea... if we observing the chart on monthly time chart we can see its make a pricing line which will be a cause of strong uptrend.. its take support on strong bottom support .. Nasdaq when go for up we can gain good with TESLA.
Supply zone 230-240. People who have bought at lower levels should look to exit in this zone. Daily RSI is overbought zone and may form negative divergence in next spike.
This is just an example of Head and Shoulder. Target on the downside is calculated in terms of percentage from the breakout of point. I generally don't keep height of the H&S as target on the downside as stocks can't go below 0.
tesla is consloditiong in box its as both side potential to move for upside it will break its 200 ema so it more conform to get our target it is good for short term swing trade as well as investing !!!!!!!good_luck.....!!!!!!!!!!
Bullish trend on Tesla 1 hours Time frame with higher high candle.
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 Please Like and Follow me.
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