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Price and trend forecast of WHIRLPOOL for Tomorrow, Weekly, Monthly

Whirlpool of India Limited

Symbol: NSE:WHIRLPOOL

ISIN: INE716A01013

1,422.25

As on 2024-04-12

1,186.10 (52W Low) 1,733.00 (52W High)

WHIRLPOOL's Today's Performance

Whirlpool of India Limited started the day by opening at 1,410.05 today 2024-04-12. Its shares reached a high of 1,445.00 and dipped to a low of 1,406.85 in intraday. When the markets closed, WHIRLPOOL’s stock price settled at ₹1,422.25 per share. Also check out its key support and resistance levels.

WHIRLPOOL Buy/Sell Targets

Tomorrow, sell WHIRLPOOL when its price reaches ₹ 1,422.25 with a stop-loss order at ₹ 1,443.64. You can set the target price as ₹ 1,400.86 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of WHIRLPOOL for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for WHIRLPOOL

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,443
Tomorrow Resistance 2 1,463
Tomorrow Resistance 3 1,481

Important Supports for WHIRLPOOL

Support Levels Value in ₹
Tomorrow Support 1 1,404
Tomorrow Support 2 1,387
Tomorrow Support 3 1,366
Based on where the stock opens tomorrow, if WHIRLPOOL opens on a positive note, our first target will be ₹1,443. If Target 1 is achieved, we will aim for Target 2 which is ₹1,463.

But if WHIRLPOOL falls below the average value of ₹1,424.70, you can enter a sell side position with target number 1 - ₹1,404 and second target - ₹1,387 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of WHIRLPOOL

Looking at WHIRLPOOL, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, WHIRLPOOL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for WHIRLPOOL is moderate bullish.

Tomorrow's Volume based share price Forecast for WHIRLPOOL

WHIRLPOOL's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -62%.

Reversal detection for WHIRLPOOL

Predicted trend chart of WHIRLPOOL tomorrow for price forecast
WHIRLPOOL may trend may continue to be bearish since stock is making lower low and we can get target of ₹1420 in morning tomorrow
Target 1 tomorrow1439
Target 2 tomorrow1448
Target 3 tomorrow1463
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with WHIRLPOOL's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if WHIRLPOOL opens on a positive note, our first target will be ₹1,442.55. If Target 1 is achieved, we will aim for Target 2 which is ₹1,462.85.

But if WHIRLPOOL falls below the average value of ₹1,424.70, you can enter a sell side position with target number 1 - ₹1,404.40 and second target - ₹1,386.55

WHIRLPOOL's Weekly Targets
1st Up Target 1,457.70
2nd Up Target 1,493.15
1st Down Target 1,374.10
2nd Down Target 1,325.95

As the week for WHIRLPOOL ended on bullish sentiments, we can expect further continuation of this sentiment. WHIRLPOOL's initial target will be 1,457.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,374.10 in the upcoming week.

Weekly OHLC Values
Open 1,361.40
High 1,445.00
Low 1,361.40
Close 1,422.25

Week for WHIRLPOOL started with an open price of 1,361.40, and the close was at 1,422.25. WHIRLPOOL reached the highest of 1,445.00 and dipped lowest up to 1,361.40 last week. This indicates a bullish sentiment for the week.

WHIRLPOOL full month swing targets
Monthly Up Target 1 1,541.30
Monthly Up Target 2 1,576.75
Monthly Down Target 1 1,290.50
Monthly Down Target 2 1,158.75

Targets of ₹1,541.30 can be expected to be reached in the coming month. Once WHIRLPOOL achieved this target, we can aim for the next upside target of ₹1,576.75.

WHIRLPOOL if fails to hold upside, down targets of ₹1,290.50 and ₹1,158.75 can be achieved by end of this month.

For complete three weeks if WHIRLPOOL is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as WHIRLPOOL

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TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

WHIRLPOOL is expected to reach the target of 1,442.55 in tomorrow's trading session.

After achieving the initial target in WHIRLPOOL, we will aim for higher targets of 1,462.85 tomorrow.

However, if WHIRLPOOL starts to trade below ₹1,424.70, then we will shift our focus to the sell side and aim for down targets of 1,404.40 and 1,386.55.