#Stock is at #Bestbuy price. #Discounted Price
#Accumulate the Stock before you see any Bigmoves. #Accumulate the stock in Parts.
Very good #Riskrewards for #Shortterm #investment.
#stoploss based on Daily candle closing Basis.
Whirlpool Sustain for Breakout from strong Resistance Zone
Levels Marked for Positional investment
All Ideas Shared are Educational and learning purpose only
Whirlpool has good support levels around 1350-1450.
These are the levels, where this stock consolidated for many months, followed by a good move on the upside.
Now, the stock approaching the same levels again, and it could take support here.
Hence keep an eye on the price action near these levels, for spotting any reversal formation in the stock
There is the formation of an inverted head and shoulder pattern on the whirlpool chart and the interesting thing to notice here is that this pattern has formed on important daily chart support.
Hence sustaining 1830-1820 levels, the stock could see good upside in the near term.
Whirlpool had retraced back to its previous support levels around 1775-1815.
Sustaining the same, we could see some recovery in the stock.
This could be a good positional trade.
WHIRLPOOL
On daily time frame, its trading near resistance zone..
in smaller time freme given negative candle. if it sustain above Resistance looking bullish.
it can go down with unable to sustain Support
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your...
Since long-term timeframes are good, and the stock is back again at short-term support, it could be a good time and price to add more into the existing long positions.
Please refer to the linked post for a detailed analysis of the stock.
Whirlpool closed in positive last month forming a Bullish engulfing candle and managed to close above august month highs( hammer candle) another positive sign.
The structure of the stock is maintained as HH and HL
Volume was good both on the hammer as well on Bullish Engulfing Candle.
Now We have a support zone of 2130-2080 on the monthly chart. if the stock...
After Delta Corp, another stock that came on my radar is Whirlpool India, the reason being :
1. Stock trading at strong support.
2. Positive price action near the Support area.
3. Rise in Volume.
4. RSI continuous support at 40.
Now if the stock sustains 2000 levels, it might test 2300 initially, and also its recent highs around 2800 levels.
Trade type :...
Whirlpool, 2 Hour Chart
Price Break-out Done with Volume Break-out.
Buy at CMP 2674, With Support Zone' 2560-2630.
Target 2720, 2818, 2890 & 2990.
Daily Chart
2Hour Chart
Disclaimer
I am not SEBI REGISTERED Analyst.
My Studies are Educational purpose only.
Consult with your financial advisor before trading or investing.
