Market has been unpleasant for Tesla for past few weeks. We are looking to buy again in tesla at the support level of 205.60. This level is strong because the market can continue its bullish course given that the fundamentals of the company are still solid and pushin upwards. The trend is bearish of H4 but on higher time frames, its still bullish for the longer run.

There is no trendline or retracement impact on the pair. 

EMA 50 is bearish right now and the once the bullis start to get in, the market may break out the EMA 50. 

RSI is at 27 which is already at the over sold region. We will wait for the bullish divergence to be formed so we can take our bullish impulse further. 

Another bullish attempt on Tesla

Jan 25 2024

Stop Loss -0.02%

Holding time 0hr

185.23

Entry price

185.27

Stop loss price