#swingtrade
Script Name- Whirlpool
Fundamentals- Good
Technicals-
1. After a short term downtrend, stock creating higher highs and lows
2. Fresh volume coming
3. Stop loss marked at chart
4. Breakout soon
Some profitable trade setups for traders and the impatient.
After Delta Corp, another stock that came on my radar is Whirlpool India, the reason being :
1. Stock trading at strong support.
2. Positive price action near the Support area.
3. Rise in Volume.
4. RSI continuous support at 40.
Now if the stock sustains 2000 levels, it might test 2300 initially, and also its recent highs around 2800 levels.
Trade type :...
The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Analysis and trade setup has been shared in the image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk...
A fundamentally strong company trading right at the lower channel trendline, that has been intact for last 6 years. A very high probability of sharp bounce-back. I have entered today at 2190 with a stop loss just below 1950. Let's see!
Whirlpool, 2 Hour Chart
Price Break-out Done with Volume Break-out.
Buy at CMP 2674, With Support Zone' 2560-2630.
Target 2720, 2818, 2890 & 2990.
Daily Chart
2Hour Chart
Disclaimer
I am not SEBI REGISTERED Analyst.
My Studies are Educational purpose only.
Consult with your financial advisor before trading or investing.
