Whirlpool - Daily - FuTA Pick (Fundamental + Technical Analysis)Whirlpool of India - Daily
Solid base/consolidation along with 200 EMA
Break out from last years highs with heavy volumes. Trading at ATH
now again consolidating at the new support and previous resistance.
Good time to buy looking at the domestic consumption and also the parent company looking at making India as the Hub for Global production.
75% with parent company, approx. 15% FIIs & DIIs and only 10% with public which makes it even more attractive to own.
WHIRLPOOL
Synergistic Pattern: Triangle + MA 150 + Horizontal resistance Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Early entry: 2085
SL: 2000
Target: 2500
RR: 4.89
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Long Term Bullish Call on Whirlpool IndiaWhirlpool 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.