Whirlpool of India Limited (WHIRLPOOL) Stock - Complete Technical Analysis - Sep 27, 2024

Whirlpool of India: Technical Analysis & Stock Performance Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Welcome to the technical analysis of Whirlpool of India Limited. Currently, the stock is trading at 2,203, showing a robust performance as it's about 3.45% below its 52-week high of 2,280 reached on September 5, 2024, and a remarkable 85.60% above its 52-week low of 1,186.1 from February 27, 2024.

Analyzing the indicators, the Average Directional Index (ADX) is at 19.08, indicating a weak trend, while the Relative Strength Index (RSI) is hovering around 63, suggesting the stock is nearing overbought territory. The Stochastic indicator is at 70.88, which also points toward a bullish momentum but signals caution as it approaches the overbought zone.

Moving averages show bullish sentiment with the Exponential Moving Average (EMA) and Simple Moving Average (SMA) trending upwards. The current price is above both the 50-day and 200-day SMAs, indicating a long-term bullish trend. The MACD is showing positive momentum, and the Awesome Oscillator is above zero, confirming the upward movement in price.

Support levels can be identified around the 2,060 to 2,110 range, providing a cushion for any downward movement. Resistance levels are likely at 2,290, where selling pressure may increase, and a breakout beyond this could push the stock towards higher targets.

In conclusion, while the stock displays strong technical indicators with upward momentum, traders should monitor the RSI and Stochastic levels closely for signs of potential overextension. The overall trend remains positive, making it a stock to watch closely in your trading strategy.