Hello Traders 👋
Hope you all are doing well and trading with discipline. Let’s analyze Tesla from a pure technical perspective and see where the next major move could unfold.
Tesla is trading inside a well-defined rising channel, respecting both the rising support and the rising resistance, which clearly confirms a strong bullish market structure.
After getting rejected from the 458–460 resistance zone, price did not break down. Instead, it formed a higher low on the rising support line, showing that buyers are still in control and dips are being accumulated.
Now price is again approaching the same resistance, which makes this level extremely important. Repeated attacks on resistance usually weaken sellers and increase the probability of a breakout.
A 4-hour close above 458 will confirm a range breakout, after which Tesla can quickly move toward the upper channel resistance around 510–520. This zone also aligns with a potential new all-time high breakout, making this setup very attractive from a risk-reward perspective.
As long as price stays above the rising support zone (~430–435), the overall structure remains bullish and this pullback should be seen as a trend-continuation move, not a reversal.
This is a classic example of smart money accumulation inside an uptrend before the next expansion.
Trade Plan-:
Entry: 4H close above 458
Stop-loss: Below 435 (rising support)
Targets: 500 -515- New ATH zone.
Regards- Amit.
Hope you all are doing well and trading with discipline. Let’s analyze Tesla from a pure technical perspective and see where the next major move could unfold.
Tesla is trading inside a well-defined rising channel, respecting both the rising support and the rising resistance, which clearly confirms a strong bullish market structure.
After getting rejected from the 458–460 resistance zone, price did not break down. Instead, it formed a higher low on the rising support line, showing that buyers are still in control and dips are being accumulated.
Now price is again approaching the same resistance, which makes this level extremely important. Repeated attacks on resistance usually weaken sellers and increase the probability of a breakout.
A 4-hour close above 458 will confirm a range breakout, after which Tesla can quickly move toward the upper channel resistance around 510–520. This zone also aligns with a potential new all-time high breakout, making this setup very attractive from a risk-reward perspective.
As long as price stays above the rising support zone (~430–435), the overall structure remains bullish and this pullback should be seen as a trend-continuation move, not a reversal.
This is a classic example of smart money accumulation inside an uptrend before the next expansion.
Trade Plan-:
Entry: 4H close above 458
Stop-loss: Below 435 (rising support)
Targets: 500 -515- New ATH zone.
Regards- Amit.
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Moderator, TradingView
(No Trading Advice)
(No Trading Advice)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.