The Security is trading in a range near the Resistance Zone. The Security is consolidating between 1038.76-963.31, we need to wait for the security to break beyond this level, if the Security is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the security has to close above 1038.76, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the security has to close below 963.31 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Advice : Wait For Breakout, expected breakout on the downside.

Tesla

Apr 26 2022