Long Term Bullish Call on Whirlpool India

Oct 8, 2019

Whirlpool has remained in an accumulation rectangle zone for almost a year preceeded by over 2 years of bull run. The scrip has seen some supply that was absorbed and has been followed by a relatively higher volume breakout on the weekly charts. There appears to be strength in the uptrend.

Longs may be initiated on dips (closer to EMA 9 on the weekly charts).
Stop Loss should be maintained at 1655.

Oct 27, 2019

Note

Expecting consolidation. Dips should be used to add to the long position.

Oct 30, 2019

Note

Exhaustion appears to be setting in.

Nov 1, 2019

Note

Renewed bullish activity recorded.

Jan 17, 2020

Note

The trend appears to be intact. Hold longs.