Whirlpool 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.
1700 is strong demand zone for whirlpool as per dec derrivative data if price comes in this demand zone in next 1-2 days it gives strong movement .this is my study please dont trade n analyse chart.if like please comment
Whirlpool 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...
Stage 1 accumulation is complete and now the stock has entered Stage 2 i.e. Mark-up. High of 2787 is not far away with a SL of 2125 giving RR ratio of 1.95. High expectations from the stock as buyers have really shown conviction here.
The 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...