- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 1, 2021
TESLA Chart Analysis
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.
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