Tesla is in a range bound market and is creating the force towards the impulse move. Once broken out from the range, I am expecting a bull run towards the upper side of the target at 190. The descending trendline has also broken out for buys and the validation is complete which could lead up to the bull move further.

EMA 50 is bearish and the bull run can hit the profit target at the retest of the EMA 50.

RSI is at 43, which is the bearish region. Once market drops further down towards the over sold region, it can align with the technical parameters to continue moving up.

Tesla breakout buy at 195

Feb 15 2024