Whirlpool of India Limited (WHIRLPOOL) Stock - Complete Technical Analysis - Oct 25, 2024

Whirlpool of India Stock Analysis: Key Levels, Trends, and 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. In this segment, we will further analyze Whirlpool of India Limited. The stock is currently trading at 2,189, which is a striking 84.53% above its 52-week low but also 10.65% beneath its 52-week high of 2,449.7. The recent trading activity reveals volatility, with October 22 marking a high of 2,449.7 before a steady decline. The strong resistance seen at this level has led to a drop in subsequent trading sessions, suggesting that sellers are becoming more active.

Looking at the technical indicators, the MACD suggests a slight bullish sentiment, but the RSI indicates a position in the oversold range at 39.64, which could mean an upcoming price rebound. Additionally, the average directional index is at 20.63, reflecting weak directional movement. This means we should watch for potential price swings in either direction.

Support levels appear to be around 2,066 and 2,155.60, while resistance is noted at 2,387. The volatility observed, with the ATR indicating fluctuations, warrants close attention. Traders should remain cautious, especially given the current bearish momentum indicated by both the Stochastic and Williams Percent indicators. Potential strategies may involve waiting for confirmation of a reversal pattern at support or considering short positions if the stock breaks below these critical levels.