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Whirlpoolstocks

WHIRLPOOL OF INDIAWhirlpool of india has made bearish wave structure in daily time frames, after making a high of 2418.70 on 16th june it has started a fifth wave for down side, if it breaks down black support trendline then it may begins new fall. price is below 20sma of hourly and daily time frame. wave count scenerio with all levels Macd in Daily time frame Rsi in daily is down Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:WHIRLPOOLShort
by RK_Chaarts
Whirlpool - Kissing the Weekly supportThe price seems to be rebounding from the weekly support zone but the bearish market structure is still intact. Long positions should be opened only after the change in market structure i.e. after the breach of the previous high. The falling wedge pattern provides one more narrative for the Bullish reversal. The RSi is also curving up, which indicates a potential bullish momentum. But currently, the price is taking resistance from the 50EMA. The long positions should only be opened above 2260. The targets which I am looking at: Target 1: 2517 Target 2: 2738 Always use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
NSE:WHIRLPOOLLong
by johntradingwick