WAAREEENER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.2

📈 WAAREEENER is currently in a trending phase with bullish long-term structure and strong fundamentals. Entry zone: ₹3,380–₹3,430; exit zone: ₹3,650–₹3,800. Watch for RSI crossing 50 and volume pickup to confirm breakout continuation.

📊 Technical Overview

• Price Action: Trading at ₹3,430, above both 50-DMA (₹3,383) and 200-DMA (₹2,997), indicating a strong uptrend.
• RSI (48.4): Neutral zone, suggesting consolidation with potential for upward breakout.
• MACD (33.0): Bullish crossover, signaling positive momentum continuation.
• Bollinger Bands: Price near mid-band, indicating consolidation with breakout potential.
• Volume: Below 1-week average, suggesting temporary pause in momentum.
• Support Zones: ₹3,380 (S1), ₹3,200 (S2)
• Resistance Zones: ₹3,650 (R1), ₹3,800 (R2)

✅ Positive

• Strong ROCE (34.0%) and ROE (26.3%) reflect excellent capital efficiency.
• EPS of ₹99.9 and PEG ratio of 0.18 indicate strong earnings growth at reasonable valuation.
• Quarterly PAT surged from ₹660 Cr. to ₹1,160 Cr., a 224% increase.
• Price trading above key moving averages confirms bullish trend.
• FII holdings increased (+3.67%), showing strong foreign investor confidence.

⚠️ Limitation

• Stock P/E (34.3) slightly below industry average (39.6), but still reflects growth premium.
• Volume below average may limit immediate breakout strength.
• Dividend yield of 0.06% is negligible for income-focused investors.

📉 Company Negative News

• DII holdings declined slightly (-0.04%), indicating cautious domestic sentiment.

📈 Company Positive News

• Massive quarterly profit growth and strong EPS reinforce long-term investor confidence.
• MACD and price action suggest continuation of bullish trend.

🏢 Industry

• Renewable energy sector benefits from government incentives, global ESG focus, and rising demand for clean energy.
• Industry P/E of 39.6 reflects high growth expectations across peers.

🧭 Conclusion

• WAAREEENER is trending upward with strong technical and fundamental indicators.
• Entry zone: ₹3,380–₹3,430; exit zone: ₹3,650–₹3,800 for short-term swing trades.
• Long-term investors may continue to hold or accumulate on dips, supported by robust earnings and sector tailwinds.