Tesla shares have been the worst performer in the group by a significant margin, since the third-quarter earnings season kicked off in mid-October. The stock sank fast after the company’s chief executive officer Elon Musk dialed back growth expectations amid slowing demand and dour forecasts from other automakers.
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish