Whirlpool of India Limited Stock Forecast
Green day on Thursday for Whirlpool of India Limited
(Updated on Jul 04, 2024)
The Whirlpool of India Limited stock price gained 3.47% on the last trading day (Thursday, 4th Jul 2024), rising from ₹1,935.95 to ₹2,003.10. During the last trading day the stock fluctuated 3.56% from a day low at ₹1,942.60 to a day high of ₹2,011.85. The price has been going up and down for this period, and there has been a 10.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 124 thousand more shares were traded than the day before. In total, 187 thousand shares were bought and sold for approximately ₹374.03 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹2,010.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 36.50% during the next 3 months and, with a 90% probability hold a price between ₹2,246.58 and ₹2,744.90 at the end of this 3-month period.
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WHIRLPOOL.NS Signals & Forecast
The Whirlpool of India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹1,951.02 and ₹1,699.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 36.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Whirlpool of India Limited stock
Whirlpool of India Limited finds support from accumulated volume at ₹1,984.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹69.25 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: ₹1,932.59 (-3.52%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (WHIRLPOOL.NS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Whirlpool of India Limited to open at ₹1,985.85, and during the day (based on 14 day Average True Range), to move between ₹1,927.18 and ₹2,079.02, which gives a possible trading interval of +/-₹75.92 (+/-3.79%) up or down from last closing price. If Whirlpool of India Limited takes out the full calculated possible swing range there will be an estimated 7.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,984.35, some ₹18.75 (0.94%) from the current price of ₹2,003.10, our system finds the risk reward attractive.
Is Whirlpool of India Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Whirlpool of India Limited stock to perform well in the short-term.
Current score: 3.177 Buy Candidate Unchanged
Predicted Opening Price for Whirlpool of India Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₹1,985.85 ( 0.86%) | ₹2,003.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHIRLPOOL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,055.10 | 2.60% |
| R2 | 2,028.65 | 1.28% |
| R1 | 2,012.30 | 0.459% |
| Price | 2,003.10 | |
| S1 | 1,959.40 | -2.18% |
| S2 | 1,943.05 | -3.00% |
| S3 | 1,916.60 | -4.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,003.10 | |
| S1 | 1,984.35 | -0.94% |
| S2 | 1,788.55 | -10.71% |
| S3 | 1,559.55 | -22.14% |
WHIRLPOOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2023 | Aug 18, 2023 | Sep 26, 2023 | ₹5.00 | 0.301% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | ₹5.00 | 0.325% |
| 3 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | ₹5.00 | 0.234% |
| 4 | Aug 06, 2020 | Aug 06, 2020 | Aug 06, 2020 | ₹5.00 | 0.238% |
| 5 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | ₹5.00 | 0.235% |
FAQ
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