Enter only when 15minute candle closes above the Entry Zone Price - 2084.60
Target with Risk to reward 1:2 is 2293
Stoploss only when 1 day candle closes below the price - 1980.20
Note: This is not any financial advice, this is for education purpose only.
The chart provided is of Whirlpool of India Ltd (WHIRLPOOL) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The stock had a strong uptrend from early 2020 to early 2021.
- Since mid-2021, the stock has been in a downtrend, forming lower highs and lower lows.
-...