Whirlpool (W) - A Bullish Reversal Faces Its First Major testAfter a significant downtrend, Whirlpool of India is now exhibiting strong signs of a bullish reversal, highlighted by a classic candlestick pattern and a powerful weekly surge. However, it has now arrived at a formidable resistance level that will determine if this new momentum can be sustained.
The Bullish Reversal Signals
The foundation for this potential turnaround has been building systematically:
- Higher Lows: The stock has begun forming a pattern of Higher Lows , indicating that selling pressure is abating and buyers are stepping in at progressively higher prices.
- Morning Star Pattern: Crucially, a Morning Star candlestick pattern recently formed at a key support trendline. This is a classic and reliable three-candle bullish reversal signal.
Last Week's Explosive Confirmation
The bullish reversal signal was powerfully confirmed by last week's price action:
- The stock surged by an impressive +18.38% for the week.
- This move was supported by a high volume of 14.62 million shares .
- This single week's advance erased the losses of the previous five weeks , signaling a dramatic and decisive shift in market sentiment.
This renewed strength is supported by a rising Relative Strength Index (RSI) on both the Monthly and Weekly timeframes.
The Key Hurdle Ahead
The primary obstacle for the bulls is a strong horizontal resistance trendline that has been in place since May 2025. This level has successfully rejected several previous rally attempts, making it a proven barrier.
Outlook and Key Levels to Watch
The price action in the coming week will be critical, as it will reveal the outcome of the battle between the new bullish momentum and the established resistance.
- Bullish Scenario: A decisive breakout above the horizontal resistance on high volume would confirm the reversal and clear the path for a potential move towards the ₹1,700 level.
- Bearish Scenario: If the stock fails to breach this resistance and momentum fades, it could be rejected and pull back to test its primary support at ₹1,146.
In conclusion, while all signs point to a powerful bullish reversal, confirmation now requires a successful break of the key overhead resistance.
