Whirlpool of India Ltd Sees Technical Momentum Shift Amid Mixed Market Signals

Price Momentum and Recent Market Performance

On 10 Feb 2026, Whirlpool of India Ltd’s share price closed at ₹905.75, up from the previous close of ₹856.90, marking a robust intraday gain of 5.7%. The stock traded within a range of ₹854.30 to ₹912.00, demonstrating increased volatility and buying interest. Despite this short-term strength, the stock remains significantly below its 52-week high of ₹1,471.00 and only modestly above its 52-week low of ₹756.05.

Comparatively, the stock has outperformed the Sensex over the past week and month, delivering returns of 15.5% and 7.1% respectively, against the Sensex’s 2.94% and 0.59%. However, over longer horizons, Whirlpool’s performance has lagged considerably, with a 1-year return of -18.1% versus Sensex’s 7.97%, and a 5-year return of -61.2% compared to Sensex’s 63.8%. This divergence highlights the stock’s recent recovery as a potential technical rebound rather than a sustained uptrend.

Technical Trend Shift: From Bearish to Mildly Bearish

The technical trend for Whirlpool has shifted from a strongly bearish stance to a mildly bearish one, indicating a tentative improvement in market sentiment. This nuanced change suggests that while the downtrend has not fully reversed, selling pressure has eased, allowing for potential consolidation or a gradual recovery phase.

Daily moving averages currently signal a mildly bearish outlook, reflecting that short-term price action remains under pressure but is showing signs of stabilisation. The stock’s price is hovering near key moving average levels, which may act as support or resistance in the near term.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) remains bearish on both weekly and monthly timeframes, signalling that the underlying momentum is still skewed towards sellers. The weekly MACD line continues to trade below its signal line, indicating that the recent price gains may be corrective rather than a definitive trend reversal.

Meanwhile, the Relative Strength Index (RSI) on weekly and monthly charts shows no clear signal, hovering in neutral territory. This lack of extreme readings suggests the stock is neither overbought nor oversold, which aligns with the current mildly bearish technical stance.

Bollinger Bands and Volatility Assessment

Bollinger Bands on weekly and monthly charts indicate a mildly bearish setup, with the price approaching the upper band but failing to decisively break out. This pattern often precedes a period of consolidation or a pullback, as volatility remains contained within a narrowing range.

Other Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator remains bearish on both weekly and monthly frames, reinforcing the cautious outlook. However, the Dow Theory presents a mixed picture: mildly bullish on the weekly scale but mildly bearish monthly, reflecting short-term optimism tempered by longer-term caution.

On-Balance Volume (OBV) shows no discernible trend on weekly or monthly charts, indicating that volume flow is not strongly supporting either buying or selling pressure. This neutral volume dynamic further supports the view of a tentative technical recovery rather than a confirmed uptrend.

Market Capitalisation and Mojo Score Insights

Whirlpool of India Ltd holds a market cap grade of 3, reflecting its mid-tier capitalisation within the Electronics & Appliances sector. The company’s Mojo Score currently stands at 37.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell on 8 Dec 2025. This upgrade suggests a slight improvement in fundamental and technical factors, though the overall recommendation remains cautious.

Investment Implications and Outlook

Investors should note that while Whirlpool’s recent price momentum and technical parameters show signs of stabilisation, the prevailing mildly bearish indicators caution against aggressive buying. The stock’s significant underperformance relative to the Sensex over the medium and long term underscores the need for careful risk management.

Short-term traders may find opportunities in the current volatility and momentum shifts, particularly if the stock manages to sustain above key moving averages and breaks out of the Bollinger Bands’ upper range. Conversely, longer-term investors should monitor for confirmation of trend reversal signals, such as a bullish MACD crossover or a sustained RSI move above 60, before increasing exposure.

Comparative Performance and Sector Context

Within the Electronics & Appliances sector, Whirlpool’s technical and fundamental metrics lag behind some peers that have demonstrated stronger recovery and momentum. The sector itself has been subject to cyclical pressures, including supply chain disruptions and fluctuating consumer demand, which have impacted stock valuations.

Whirlpool’s current technical profile, characterised by mixed signals and a modest upgrade in Mojo Grade, suggests it is at a crossroads. The stock’s ability to break above resistance levels near ₹920-930 and maintain momentum will be critical for a sustained recovery.

Summary of Technical Ratings

To summarise, Whirlpool of India Ltd’s technical indicators present a complex picture:

• MACD: Bearish on weekly and monthly charts
• RSI: Neutral, no clear signal
• Bollinger Bands: Mildly bearish on weekly and monthly
• Moving Averages: Daily mildly bearish
• KST: Bearish weekly and monthly
• Dow Theory: Mildly bullish weekly, mildly bearish monthly
• OBV: No clear trend

These mixed signals indicate that while the stock is showing tentative signs of recovery, it remains vulnerable to downside risks without stronger confirmation from momentum and volume indicators.

Conclusion

Whirlpool of India Ltd’s recent price momentum shift and technical parameter changes reflect a cautious improvement in market sentiment. The stock’s 5.7% gain on 10 Feb 2026 and upgrade from Strong Sell to Sell grade highlight a potential turning point. However, persistent bearish signals from MACD, KST, and Bollinger Bands, combined with neutral RSI and OBV readings, suggest that investors should remain vigilant.

For those considering exposure, a balanced approach is advisable, with close monitoring of key technical levels and broader market conditions. The stock’s relative underperformance over longer periods compared to the Sensex emphasises the importance of selective entry points and risk management strategies.

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