STOCKMARKET360

Get Top latest market news, Stock Market Views, Stock Market Updates and analysis on stock, derivatives, commodity and IPO markets. Get all Stock market news, BSE, NSE, Sensex Nifty, world markets, Indian markets, stock recommendation, Dalal Street, Day trading, futures, options, SEBI, market news, Business and other Financial News.

WHIRLPOOL – TECHNICAL CHART STUDY

WHIRLPOOL_1

buy WHIRLPOOL above 236 hold if sustain for 30-60 min more add above 240 sl 225 target 248-255-270

technical chart study

as per the chart we can see that price has taken support on trend line, and able to bounce in last session, where as rsi also taken support on trendline, and taken bounce.

now as per rsi we can see that its still having scope to move again in overbought zone, and price can try to create a new recent high.

also price given almost same bottom in a range of 223-226 in past 7 trading session.

so as per this support level, if stock wants to continue its up trend then will try to make some new recent high before breaking recent bottom, but as we said price need to sustain above 236 level then only this possibilities are valid, if price just give tick above the level and came down then above mention possibilities will not work.

Leave a Reply

Your email address will not be published. Required fields are marked *

STOCKMARKET360 © 2017