TESLA Technical Analysis: Weekly Chart

In the weekly charts, TESLA is trading in a down channel. TESLA is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 618.31 & the resistance level is at 883.94.

TESLA will trade in the down-channel until there is trend reversal.

TESLA Technical Analysis: Daily Chart

In the daily charts, TESLA is trading in a down channel. TESLA is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 709.59 & the resistance level is at 752.99.

TESLA will trade in the down-channel until there is trend reversal.   

How to Trade TESLA this Week:

TESLA will follow the downtrend until their trend reversal. So, remain bearish on TESLA.

TRADE SUGGESTION- SELL AT 723.21, TAKE PROFIT AT 709.59 AND STOP LOSS AT 752.99