TESLA: WEEKLY SCENARIO

Technical Analysis

TESLA  Price Technical Analysis: Weekly Chart

  • In the weekly charts ,Tesla  is trading in a downward channel.
  • Tesla is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Tesla, will follow a downtrend in the coming weeks.
  • Tesla’s crucial support level is at 791.59 which is near 20 days SMA as of now. There are no signs of a bullish trend.
  • Bears have their tight grip on Tesla.

TRADE SIGNAL-TESLA SELL: 905.20, TARGET:-855.20, STOP LOSS:- 930.20.

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