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Narrowrange

Adani Enterprises ready for next up-move.Adani enterprises has moved out of narrow range. ( Channel by black lines & Blue shadow) Earlier attempt to move out of narrow range failed, making a rejection high at 1629 levels ( dotted line ). Now the stock has crossed the rejection high at 1629. On daily charts check image below Resistance at all time is at 1713. Before making a new life high stock might consolidate in the range marked by blue zig zag line. Because rarely a any resistance is taken out in 1st attempt. If it is taken out in first attempt it indicates strong trend, don't let go such momentum. Probability of breakout increases in second attempt. Stock is coming out of the contraction phase (narrow range) & entering the expansion phase. Wild move and breakouts happen in expansion phase. Trade plan. Enter with half or two third positions at LTP with 1350 as SL . Adani ent is high beta stock hence wide SL is given. Add rest quantity after the dip or in consolidation phase below 1713. If stocks breaks out add balance quantity at that time.
NSE:ADANIENTLong
by varadtambolkar
Accumulation with narrow rangeStock moving in narrow range. Volumes have increase in last few sessions. There is also pause in momentum. (Check attached link for similar idea) This shows we may see a good upside soon, breakout from narrow range. Stock is holding at good supports, taking a breather after previous rally. Check the location of narrow range On monthly it has made new high. support turned resistance. Check image below Keep a Stop loss at 107 on daily close basis.
MLong
by varadtambolkar
It's time to add UPL to the Radar.One fundamentally strong stock in the Nifty 50 Technically, it is at a good level. Let's see if there are any breakouts from here. UPL is now nearly 10% lower than its 52-week high. From Sep onwards, it traded in a narrow range. (760H and 676L)Look at the chart now; it is testing the 760 level; let's see if there is an opportunity to the upside. If the Nifty gives a trend reversal, it might influence the stock as well. So keep an eye on it, as well as volume. Be bullish only after crossing the red line. * If it fails to sustain above 760, we can expect a quick drop in the lower time frame. 
NSE:UPL
by Manuadarsh
Nestle Can Give a sharp move.Nestle moving in narrow range. forming Inside bars. The dotted line is life high of nestle in April 20. Since then nestle didn't gave a proper sustainable close above that high. Tried once to close above it but was easily rejected. Now that high is coinciding with the upper rang of the narrow range marked. This major hurdle zone can be taken out with a sharp move. if you observe closely the last 3 bars are the biggest, stock is moving in expansion phase. In this phase stocks give trendy moves & breakouts.
NSE:NESTLEINDLong
by varadtambolkar