NSE:WHIRLPOOL
Reason Being:
1. Formation of Triangle pattern and Expected Upper Breakout.
2. Stock is Forming Higher High Pattern in Daily Time Frame
3. The stock has faced Resistance in the zone of 2125 - 2170 and has been tested multiple times.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Entry Price: Above...
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...
Whirlpool Of India Ltd.
The price is facing resistance from the channel and is taking support from the convergence of 20 & 50 EMA.
TECHNICAL PARAMETERS ARE MILDLY POSITIVE.
Breakout on the upside to take place only above the supply zone 2130.
KEEP AN EYE!!
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***this is my personal view. Please take advice from your...
Whirlpool 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)....
