joyesh
Long

Long Term Bullish Call on Whirlpool India

NSE:WHIRLPOOL   WHIRLPOOL OF INDIA
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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