Momentum Trades — EIH Ltd & Whirlpool

Sriram Balasubramanian
Published in
3 min readMar 25, 2022


Here are my stock trades/set-up explanations & charts!

Photo by Isaac Smith on Unsplash

Trade Date: 17 March 2022


How and Why do I trade EIH Ltd today?

  1. The MACD and Stochastics set up on the daily chart were looking promising.

2. Hotels, as a sector, are doing well.

3. RSI was above 50, which gave me some confidence

4. MACD had a Golden Cross (GC) below the zero line

5. Volume was picking up and went above its moving average

EIH trading in a range, and one can also draw symmetric or ascending triangles.

With a risk/reward ratio of at least 2, I will be positioning a stop loss at about 3.5% and expecting about 7% if the trade goes in the right direction.

Look at the MACD / Stochastics & RSI setup.


Whirlpool of India bounced off major support at 1533 and with MACD & stochastics had a golden cross indicating probably bullish momentum.

RSI is yet to cross above 50, which will confirm the trade direction.

I hope you liked the trades and explanation. Do share your thoughts on this trading strategy or any advanced techniques. Every week, I will update my trading log and post it in subsequent updates.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.

If you enjoyed this story, you might subscribe to receive my newsletter first!

Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing

Also, Read



Sriram Balasubramanian

Building WIBE to enable people to trade stocks to generate consistent cash flow. I enjoy writing on Wealth of all types!