Technical view by Nooresh

Whirlpool Long term turnaround !! tgt 75-120

WhirlPool cmp 43.75
A long term turnaround after a long time ..
The stock if gives a close above 45 for 4-6 sessions will be a big breakout on monthly charts and an ideal rounding bottom should target 75 -120 in next 2 mths to 1 year ... Traders can look for short term movement also ....Investors can accumulate at declines...
All the stocks in the AC and other similar consumer durables are seeing good buying ...Voltas was recommended strongly at 95 levels to clients :) /...
Funda simple view : Seems to be coming out of losses to profits and good q-o-q growth

Article by Nooresh Merani

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