Whirlpool of India Limited (WHIRLPOOL) Stock - Complete Technical Analysis - Oct 17, 2024

Whirlpool of India: Trading Insights and Technical Analysis

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. Whirlpool of India Limited is currently trading at 2,355, slightly below its recent high of 2,440. The stock's 52-week performance shows a significant rise of nearly 99% from its low of 1,186. The technical indicators indicate a mixed sentiment; the RSI is in the bullish territory, suggesting a healthy momentum, while the Stochastic readings point to overbought conditions. The MACD indicates strong upward momentum, but caution is warranted due to the recent inside candle pattern observed on October 16, signaling potential indecision in the market.

Support levels are anticipated at around 2,291 and 2,203, while resistance levels could be seen near 2,426 and 2,564. The last five trading days show fluctuations, with recent highs reaching up to 2,427 and lows around 2,341. Volatility is evident from the Average True Range, indicating a potential for significant price movements. As the stock trades within a narrow range, traders should watch for breakouts above resistance or breakdowns below support levels for potential trading signals. With the current trend and technical setup, investors might consider waiting for confirmation before entering positions.

In summary, traders should keep a close eye on the 2,426 resistance and 2,291 support levels. A clear movement beyond these points could provide actionable trading signals.