Whirlpool of India Limited (WHIRLPOOL) Stock - Complete Technical Analysis - Dec 16, 2024

Whirlpool of India Stock Analysis: Key Resistance & Support Levels You Need to Watch

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 (WHIRLPOOL) stock is currently trading at 1,913, showing a strong consolidation phase after recovering from its recent lows. It faces resistance at 1,950, and a breakout above this level could push the stock towards the 2,000-2,100 range. On the downside, support is located at 1,880, with further support near 1,860, where the stock has previously found buying interest.

The technical indicators show mixed signals. The RSI at 48.62 is in neutral territory, indicating that the stock could move in either direction. The Stochastic RSI is in the overbought region, which could suggest a potential pullback. However, the Momentum indicator remains strong, indicating that the buying pressure is still present. The MACD and Awesome Oscillator both show weakening momentum, hinting that the stock might struggle to break higher without consolidating or pulling back first.

The ADX value of 17.05 suggests a weak trend, meaning the stock is not in a strong directional move at the moment. The ATR indicates moderate volatility, so there could be fluctuations in price as the stock consolidates.

Investors should monitor the 1,950 resistance closely for a potential breakout, while keeping an eye on support at 1,880 and 1,860 for any signs of a pullback. A decisive move above 1,950 would likely set the stock on a bullish path, while a failure to break higher may result in further consolidation or retracement.