WHIRLPOOL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | WHIRLPOOL | Market Cap | 10,729 Cr. | Current Price | 846 ₹ | High / Low | 1,474 ₹ |
| Stock P/E | 41.4 | Book Value | 289 ₹ | Dividend Yield | 0.59 % | ROCE | 10.0 % |
| ROE | 7.25 % | Face Value | 10.0 ₹ | DMA 50 | 890 ₹ | DMA 200 | 1,022 ₹ |
| Chg in FII Hold | -0.43 % | Chg in DII Hold | 0.30 % | PAT Qtr | 66.6 Cr. | PAT Prev Qtr | 44.4 Cr. |
| RSI | 39.8 | MACD | -13.1 | Volume | 2,91,010 | Avg Vol 1Wk | 4,16,378 |
| Low price | 756 ₹ | High price | 1,474 ₹ | PEG Ratio | 3.47 | Debt to equity | 0.09 |
| 52w Index | 12.6 % | Qtr Profit Var | -37.0 % | EPS | 19.1 ₹ | Industry PE | 45.4 |
📊 Chart Patterns & Trend: WHIRLPOOL is trading below both its 50 DMA (890 ₹) and 200 DMA (1,022 ₹), showing weakness. Price action suggests consolidation with bearish bias between 840–890 ₹ resistance and 756 ₹ support. Trend is leaning towards reversal from highs.
📈 Moving Averages: Current price (846 ₹) is under both DMA levels, signaling short-term pressure. Sustained trading below 890 ₹ keeps bearish outlook intact.
⚖️ RSI: At 39.8, RSI is near oversold territory, indicating potential for rebound if buying emerges.
📉 MACD: Negative at -13.1, confirming bearish undertone and weak momentum.
📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and possible bounce from 840 ₹ support zone.
📦 Volume Trends: Current volume (2,91,010) is lower than 1-week average (4,16,378), showing reduced participation and weak conviction in price moves.
🎯 Entry Zone: 820–850 ₹ (near support).
🚪 Exit Zone: 890–920 ₹ (near resistance and 50 DMA).
📌 Momentum Signal: Short-term consolidation with bearish bias. A rebound is possible if RSI-driven buying emerges, but trend remains weak unless price breaks above 890–920 ₹.
Positive
- ✅ ROCE (10.0%) and ROE (7.25%) show profitability, though modest.
- ✅ Dividend yield at 0.59% provides income appeal.
- ✅ PAT improved from 44.4 Cr. to 66.6 Cr. quarter-on-quarter.
Limitation
- ⚠️ High P/E (41.4) compared to industry PE (45.4) suggests valuation is stretched relative to earnings.
- ⚠️ PEG ratio (3.47) highlights expensive growth prospects.
- ⚠️ EPS at 19.1 ₹ is modest compared to valuation.
Company Negative News
- 📉 Stock corrected sharply from 52-week high (1,474 ₹) to current levels near 846 ₹.
- 📉 Quarterly profit variation (-37.0%) shows earnings pressure.
- 📉 FII holdings decreased by 0.43%, showing reduced foreign investor confidence.
Company Positive News
- 📈 DII holdings increased by 0.30%, reflecting domestic institutional support.
- 📈 PAT growth quarter-on-quarter highlights operational improvement.
Industry
- 🏭 Industry PE at 45.4 indicates sector is moderately valued compared to WHIRLPOOL’s premium valuation.
- 🏭 Consumer appliance sector outlook remains steady, though margins are under pressure due to competition.
Conclusion
🔎 WHIRLPOOL is in a consolidation phase with bearish bias. Entry near 820–850 ₹ offers limited downside risk, while resistance at 890–920 ₹ should be watched for exits. RSI near oversold levels hints at possible rebound, but sustained weakness below DMA levels keeps trend fragile. Investors should wait for confirmation above 920 ₹ before expecting a trend reversal.