WHIRLPOOL: 5 YEARS OF NO GAINSWhirlpool: now at the same levels last tested in 2017–2018, i.e., 5 years: net net market cap gains+ 0
the promoter sells around 23% in open market as can be seen ie parent company now holds only 51% stake from earlier close to 75%
such underperformance is to be worried about and at same time, if promoter selling such huge stake despite stock being down by around 55% from its all-time high zone, that speaks a lot in itself
Whirlpooltechnicalanalysis
Whirlpool of India Ltd strongup trend 1846 1865 1960Whirlpool of India Ltd (WHIR) TARGET 1846 1865 1960
Hi all yesterday whirlpool volume increase with huge price also increase, now it crossed 200EMA ready to go for long in this stock. Open Interest increased 45%.
Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
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
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.
Whilrlpool stock to take fo rlong entry.Stock of whirlpool is forming the pole & Flag pattern on the charts. Buying range above the price of 2270 for the next target price of 2310 with the SL of 2249. Once stock cross the level of 2315 with momentum BO we can get expected more upwards movement in the stock. So add the stock in your watch list for price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.