WHIRLPOOL - LONG !NSE:WHIRLPOOL
Looking to Break out of the pattern.
Candle formation is good , once can enter long , with SL below the Trendline
Or wait for clear BO!
WHIRLPOOL trade ideas
Weekly Time Frame Analysis
**It is near the supply zone(1930-1980)
**price at lower level of range , it should be perfect entry for investment or a med term swing1280-1325 zone is touched 2nd time
on 2nd may & start to move.below 1200 it would be sideway to downtrend above 1300 it would be in bullish mode.& above 2100
strong bullish( 1900-2000 supply zone)First of all dont worry about this trade because
when nifty 50 started to rally upside it started also( means not a weak stock, a little slow).
**again near 200 EMAOn higher time frame if price below the 200 EMA,it shows a little bearish mode.
So any script far away from 200EMA on higher time frame then dont touch( my personal setup)
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 BREAKOUTWhirlpool of India looks good on weekly charts given breakout on strong horizontal resistance trendline and gives a strong close above Bollinger upper band both breakout indicating good up move coming this stock, created strong pattern on weekly chart.
CAUSE OF LONG-:
1- Breakout on horizontal resistance trendline
2- Breakout on upper Bollinger band
[ Positional ] WHIRLPOOL Buy Trader : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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WHIRLPOOL | Looks good momentum for 15%WHIRLPOOL | Looks good momentum for 15%
CMP : 1710 (Dip : 1670)
SL : 1600
Target : 1960
1:3+ risk reward setup
Fun fact : Earlier 2 times i shared this WHIRLPOOL chart in tradingview, both the times the setup failed and stoploss is hit.
WHIRLPOOL | Simple flag breakout - Looks promising for 10%WHIRLPOOL | Simple flag breakout - Looks promising for 10%
CMP : 1690
SL : 1620
Target : 1860
1:3 risk reward setup
WHIRLPOOL | Trendline breakout inside channel for 25%WHIRLPOOL | Trendline breakout inside channel for 25%
CMP : 2305 (Dip : 2100)
SL : 1970
Target : 2900
1:3 risk reward setup
WHIRLPOOL OF INDIA Bullish MomentumWhirlpool seems like a Triple Bottom Pattern in weekly chart. It's strong bullish pattern. Now strong breakout from the neckline. concentrate, if price sustain above 1650 in weekly chart.
WHIRLPOOLWHIRLPOOL
cmp 1673 abv 1675 can go 1745-1800++
Invalid below 1620
Breakout after consolidation
WHIRLPOOL - BO PossibilityWhirlpool is currently on trend line support and above 1680 - next will test 1720 and then can go up further.
Currently on - multi-year support level and wait for closure above 1680.
Add to watch list -- and spend time on own research.
probability of going up is high in the coming days breakout with volume .....both weekly and daily timeframe...
hammer candle.
Add to watch list.
channel breakdownwhirlpool has broken the channel on downside .... wait for closing below for a further selloff
trade with falling wedge pattern...whirlpool
last traded price :1628
technical setup :
1. falling wedge pattern
2. breakout trade concept
3. volume spike at breakout levels
4. value addition pick
5. support & resistance / trend line breakouts
trade set up :
1. buy above 1648
2. keeping 1578 as stop loss on closing basis
3. for measured targets : 1721 / 1812 / 1920 / 1973 / 2105 / 2231 ( maximum based measured target )
Whirlpool of IndiaWHIRLPOOL
Pattern : Descending Channel
Time Frame : Weekly
Breakout Point 1700
Upside Potential 1850-2000++
Support Level 1600
Keep Eye On This
Whirlpool Positional View !!WHIRLPOOL : cmp : 1661.6
After the significant correction from all time high level.
Good base formed near 1540 - 1600 zone. So downside limited .
Rsi and mfi trending up.
A falling supply trend line BO could be possible near 1680 level.
So buy bove 1680 (spot) level for intraday/short term.
Accumulation Zone : 1580 - 1680
Profit booking Zone may be : 1977 - 2472
Sl 1632 /According to your risk appetite.
Positional TGT 2600 + .
SL 1498
April Future also looking good for the target of 1900+
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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