In the previous session, the market opened lower and a sell off was seen in the overall market. In the second half of the trading the Nifty managed to recover from intraday lows and filled the gaps.  But still closed with a loss of 168.10 points. Overall, a very volatile session was seen yesterday due to weekly expiry. Technically, the index made a bearish candle on the chart. Hence, we recommend approaching the markets in a sector and stock-specific way.

Look at the below research report of ‘Stocks to Buy for – Friday, April 08, 2022’ before the market opens.

Whirlpool of India Ltd

NSE :WHIRLPOOL   BSE :500238  Sector : Consumer Durables

We have posted a daily chart of WHIRLPOOL. On the chart, we can see that prices have formed a ‘Double Bottom pattern’. Stock prices were consolidating from the last two days near 1680-1690 levels. Now further breaking above this level will confirm the break out. Also, the range of RSI also seen during the consolidation period which further confirms the bullish breakout. We have plotted Parabolic SAR on the chart. The Parabolic dots are moving below the prices which indicates that stock is now in uptrend. This indicator is most useful in terms of Entry and Exit levels in any stocks for trading purposes.

The short-term trend for WHIRLPOOL looks to be positive for now. Positions can be created above 1690 levels, which can take prices towards 1769 level. On the other side, the level of Parabolic SAR will act as key support for the stock.

Check More Analysis on WHIRLPOOL at: Whirlpool of India Ltd