WHIRLPOOL Breakout from Rectangle + Flag & Pole Pattern
✅ The stock is trading within an ascending triangle pattern, showing a strong bullish breakout above the upper resistance level around ₹2,150. This breakout indicates a continuation of the uptrend that began in May 2024.
✅ The RSI is trending upwards and is currently around the 68 mark, indicating strong bullish momentum. The recent spike in volume further supports the validity of this breakout.
✅ A successful breakout above the resistance, combined with sustained volume, could propel the stock towards higher levels, potentially targeting ₹2,300. Traders should monitor for a sustained close above the breakout level to confirm this bullish move.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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