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joyesh

Long Term Bullish Call on Whirlpool India

Long
WHIRLPOOL OF INDIA (NSE:WHIRLPOOL)  
joyesh Updated   
NSE:WHIRLPOOL   WHIRLPOOL OF INDIA
Trend Analysis Chart Patterns Technical Indicators WHIRLPOOL nse nseindia breakout Bullish Patterns long-term longterm swingtrading accumulation
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trendanalysis chartpattern indicator whirlpool nse nseindia breakout bullish long-term longterm swingtrading accumulation
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.
Comment:
Expecting consolidation. Dips should be used to add to the long position.
Comment:
Exhaustion appears to be setting in.
Comment:
Renewed bullish activity recorded.
Comment:
The trend appears to be intact. Hold longs.
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