Since 04 Nov 2021 Tesla following "Downward Channel" Beautifully.
Took Resistance at the Upper line of Channel 4 times as marked with white arrows.
Took Support at the Lower line of Channel 3 times as marked with white arrows.
Facing Resistance levels near 1173 & 1241.
Minor Support near 960.
Major Support near 850 Which will also be the next lower Line support of the Channel.
200 EMA on Daily Time Frame is near 825 which will also act as Support.
"EMT Indicator 1" also shows a sell signal ofn Daily Time Frame where "Green" line goes Below "Red" line.
Upside is only possible once it trades above Upper Resistance Line of the channel & confirm buy will be once it retest on this upper Resistance line.
or next Buy Signal in Tesla will be near 825 - 850 keeping Stoploss at 800.
Hope you Like the analysis. comment if you feel something is missing.
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
Thanks
Took Resistance at the Upper line of Channel 4 times as marked with white arrows.
Took Support at the Lower line of Channel 3 times as marked with white arrows.
Facing Resistance levels near 1173 & 1241.
Minor Support near 960.
Major Support near 850 Which will also be the next lower Line support of the Channel.
200 EMA on Daily Time Frame is near 825 which will also act as Support.
"EMT Indicator 1" also shows a sell signal ofn Daily Time Frame where "Green" line goes Below "Red" line.
Upside is only possible once it trades above Upper Resistance Line of the channel & confirm buy will be once it retest on this upper Resistance line.
or next Buy Signal in Tesla will be near 825 - 850 keeping Stoploss at 800.
Hope you Like the analysis. comment if you feel something is missing.
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
Thanks