WAAREEENER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.6

📊 Chart & Trend Analysis:

WAAREEENER is trading at ₹3,026, below both its 50 DMA (₹3,167) and 200 DMA (₹3,039), indicating short-term weakness. RSI at 31.6 suggests oversold conditions, hinting at potential rebound opportunities. MACD at -110 shows strong bearish momentum. Bollinger Bands place the price near the lower band, signaling downside exhaustion. Current volume (4,36,168) is slightly below the 1-week average (4,63,330), reflecting reduced participation but not a collapse in liquidity.

🔎 Momentum Signals:

- Short-term momentum: Bearish but oversold, potential for reversal.

- Support levels: ₹3,000 (near-term), ₹2,850, ₹1,809 (major support).

- Resistance levels: ₹3,100, ₹3,167 (DMA 50), ₹3,250.

- Optimal entry zone: ₹2,950–3,050.

- Optimal exit zone: ₹3,150–3,250.

- Current phase: Consolidation with reversal potential if RSI stabilizes.

Positive

• Strong ROCE (34.0%) and ROE (26.3%) highlight excellent capital efficiency.
• Quarterly PAT surged from ₹660 Cr. to ₹1,160 Cr. (+224%), showing robust earnings momentum.
• EPS of ₹99.9 reflects strong profitability.
• FII holding increased by 3.67%, signaling strong foreign investor confidence.
• PEG ratio of 0.16 suggests attractive valuation relative to growth.

Limitation

• Stock trading below both 50 DMA and 200 DMA confirms short-term weakness.
• MACD at -110 indicates strong bearish momentum.
• Dividend yield of 0.07% is negligible.
• DII holding decreased slightly (-0.04%), showing reduced domestic institutional support.

Company Negative News

• Short-term technical weakness with bearish MACD and price below key moving averages.
• Minor decline in DII holding reflects cautious domestic sentiment.

Company Positive News

• Quarterly profit growth (+224%) highlights strong operational performance.
• FII support increased significantly (+3.67%), boosting investor confidence.

Industry

• Industry P/E at 30.6 is aligned with WAAREEENER’s (30.2), suggesting fair valuation relative to peers.
• Renewable energy sector outlook remains strong, supported by government initiatives and rising demand.

Conclusion

⚡ WAAREEENER is consolidating with bearish momentum but oversold RSI suggests reversal potential. Entry near ₹2,950–3,050 offers favorable risk-reward, while exits around ₹3,150–3,250 are optimal. Strong fundamentals, robust earnings growth, and foreign investor support balance out short-term technical weakness. Trend is sideways-to-down but likely to reverse if buying interest returns.