Buy Tesla | NASDAQ TSLA | Naranj Capital

 BUY   Tesla (NASDAQ: TSLA)

Tesla (NASDAQ: TSLA) STOCK RECOMMENDATION

Idea BUY
Buy Range 184 – 189
Target 205 – 210
StopLoss* below 175
Duration 14-16 Trading Days
Potential Returns 8 – 11%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 184 – 189 205 – 210 below 175 14-16 Trading Days 8 – 11%

* Once the first target hit, reset the StopLoss at your buying price.

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Tesla (NASDAQ: TSLA) STOCK OVERVIEW

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.

Stock Data
NASDAQ Symbol TSLA
Sectoral Index Automobile
52 Weeks High 299.29
52 Weeks Low 138.8

Tesla (NASDAQ: TSLA) - RELATIVE STRENGTH

TSLA-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Tesla —     NASDAQ —

Tesla (NASDAQ: TSLA) - DAILY TECHNICAL ANALYSIS

Riyad Bank - Technical Analysis (Weekly)
  • After a downfall, price finally found its support at near 100 level.
  • From there the price started moving upside.
  • From the 300 level, price got a rejection and started forming Lower Highs and Lows.
  • Finally the price took support at 140 level.
  • There is two major gap can be seen at the chart which indicates that the bulls have taken entry.
  • The volume has also been very high.
  • We can expect a further up move from the current level.

Tesla (NASDAQ: TSLA) - RSI

Tesla (NASDAQ: TSLA) - RSI
  • Current RSI of this stock is 65.30, which indicates the strength of buyers.

Tesla (NASDAQ: TSLA) - MACD

TSLA-MACD
Tesla (NASDAQ: TSLA) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Tesla (NASDAQ: TSLA) - EMA Cross

Tesla (NASDAQ: TSLA) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Tesla (NASDAQ: TSLA) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Tesla stock price target will be USD 205 – USD 210 in the next 14-16 trading sessions.

Tesla (NASDAQ: TSLA) TRADINGVIEW POSITION UPDATE

Follow Tesla (NASDAQ: TSLA) TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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