July 1, 2021

TESLA Chart Analysis

  • TESLA 30 Minutes chart shows price in a triangle contraction. Price is near the rising support line. If held price will remain in a tight range.
  • 4 Hour time frame shows price in a range after a GAP. Staying above the gap may lead to a safe continuation trade for bulls But price fading the GAP and falling back to the previous resistance line cannot be ruled out as well.

S&P 500 Futures before opening bell

  • ES Daily shows price above the 3 day range. Bears need price to close back into the range for a possible down move to follow.
  • 30 Minutes chart shows price back above the cloud and taking support above it. Small dip below the cloud was negated quickly.

Bank nifty intraday update

  • Bank nifty holding day lows may target 34900 and 35000 levels for the day.
  • Staying below day lows may take price towards 34500 levels.
  • 15 Minutes as shown in first chart is trending below the cloud But a minor upswing for today cannot be ruled out before the trend can resume.