WAAREEENER - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.5

Here’s a comprehensive technical analysis of WAAREEENER (Waaree Energies Ltd)

📉 Trend Overview

Current Price (₹3,173) is above both 50 DMA (₹2,982) and 200 DMA (₹2,682) — indicating strong bullish momentum.

RSI (55.3): In bullish territory, with room to rise before hitting overbought levels.

MACD (61.7): Strong bullish crossover, confirming upward momentum.

Volume: Nearly 3x the 1-week average, signaling heavy accumulation and strong conviction.

🔎 Conclusion: The stock is trending upward, with signs of continued strength and breakout potential.

📊 Momentum Indicators

Indicator Value Signal

RSI 55.3 Bullish

MACD 61.7 Strong bullish

Bollinger Bands N/A Likely near upper band

Volume Trend ↑↑ Strong accumulation

📈 Support & Resistance Zones

Type Price (₹) Strength

Support 3,050–3,100 Strong

Support 2,980 DMA support

Resistance 3,250–3,300 Moderate

Resistance 3,400–3,500 Strong

📐 Trendlines suggest a breakout continuation. Sustained move above ₹3,300 could push toward ₹3,500+.

🎯 Entry & Exit Strategy

Entry Zone: ₹3,050–3,150 (on minor dips or pullbacks)

Exit Zone: ₹3,300–3,450 (near resistance and recent highs)

🧭 Overall Outlook

Short-Term: Bullish momentum supported by MACD, DMA alignment, and volume surge.

Medium-Term: Strong fundamentals (ROCE 35.1%, ROE 27.6%) and improving profitability (PAT growth of 19.8%) support continued upside.

Long-Term: Attractive PEG ratio (0.21) and low debt-to-equity (0.13) suggest value with growth potential.

For more granular technical signals across timeframes, you can explore TradingView’s technical dashboard or JustTicks’ advanced analysis. Want me to compare this with other solar energy stocks or overlay sector trends?

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