Whirpool may head to around 450-475: Devang Visaria
Whirpool has been consolidating in a rising kind of small trading channel.
By 
|
| Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about Whirpool.
What is your view on Whirlpool?
Whirlpool was on a very smart parabolic rise 3-4 months back and since then it has been just consolidating in a rising kind of small trading channel. Going ahead, I would expect a breakout on the upside. This breakout level is placed at 335 and it is a similar chart to VIP Industries before it moved from 400 to 600. So if you are an aggressive trader, this is the stock for you possibly with a deeper stop loss closer to 290.
We would look for a first target of 400 and would not be surprised if that was also to be taken out and possibly the stock heads to around 450-475 with a two or three month kind of horizon.
What is your view on Whirlpool?
Whirlpool was on a very smart parabolic rise 3-4 months back and since then it has been just consolidating in a rising kind of small trading channel. Going ahead, I would expect a breakout on the upside. This breakout level is placed at 335 and it is a similar chart to VIP Industries before it moved from 400 to 600. So if you are an aggressive trader, this is the stock for you possibly with a deeper stop loss closer to 290.
We would look for a first target of 400 and would not be surprised if that was also to be taken out and possibly the stock heads to around 450-475 with a two or three month kind of horizon.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
