WAAREEENER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | WAAREEENER | Market Cap | 76,156 Cr. | Current Price | 2,647 ₹ | High / Low | 3,865 ₹ |
| Stock P/E | 21.0 | Book Value | 391 ₹ | Dividend Yield | 0.08 % | ROCE | 34.0 % |
| ROE | 26.3 % | Face Value | 10.0 ₹ | DMA 50 | 2,855 ₹ | DMA 200 | 2,964 ₹ |
| Chg in FII Hold | 0.56 % | Chg in DII Hold | 0.04 % | PAT Qtr | 1,226 Cr. | PAT Prev Qtr | 1,160 Cr. |
| RSI | 44.6 | MACD | -55.4 | Volume | 11,46,187 | Avg Vol 1Wk | 13,12,335 |
| Low price | 1,809 ₹ | High price | 3,865 ₹ | PEG Ratio | 0.11 | Debt to equity | 0.19 |
| 52w Index | 40.8 % | Qtr Profit Var | 160 % | EPS | 119 ₹ | Industry PE | 23.7 |
📊 Chart Patterns & Trend: WAAREEENER is trading below both its 50 DMA (2,855 ₹) and 200 DMA (2,964 ₹), indicating short-term weakness. Price action suggests consolidation between 2,600–2,850 ₹, with strong support at 2,600 ₹ and resistance near 2,850–2,900 ₹. Trendlines show sideways movement with bearish undertone.
📈 Moving Averages: Current price (2,647 ₹) is below both 50 DMA and 200 DMA, signaling bearish momentum. A sustained move above 2,900 ₹ is required for reversal confirmation.
📉 RSI: At 44.6, RSI is neutral-to-weak, suggesting limited momentum and possible consolidation.
📉 MACD: Negative at -55.4, confirming bearish momentum in the short term.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential support around 2,600 ₹.
📊 Volume Trends: Current volume (11,46,187) is slightly below the 1-week average (13,12,335), showing reduced participation and weak buying interest.
🎯 Entry Zone: 2,600–2,650 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 2,850–2,900 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with bearish undertone. A breakout above 2,900 ₹ is needed to confirm reversal toward 3,200–3,400 ₹.
Positive
- Strong ROCE (34.0%) and ROE (26.3%) highlight efficient capital use.
- Quarterly PAT growth from 1,160 Cr. to 1,226 Cr. shows resilience.
- PEG ratio of 0.11 indicates attractive growth valuation.
- FII holdings increased (+0.56%), reflecting foreign investor confidence.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows technical weakness.
- High volatility with wide 52-week range (1,809–3,865 ₹).
- Dividend yield is very low (0.08%), limiting investor returns.
Company Negative News
- Weak trading volumes compared to average, reducing momentum strength.
Company Positive News
- Quarterly profit variation (+160%) highlights strong operational performance.
- EPS of 119 ₹ reflects solid earnings base.
- DII holdings increased (+0.04%), showing domestic institutional support.
Industry
- Industry P/E at 23.7 indicates sector is moderately valued compared to the company’s lower P/E (21.0).
- 52-week index return of 40.8% shows healthy sector momentum.
Conclusion
⚖️ WAAREEENER is consolidating near support with weak momentum and bearish undertones. Entry near 2,600–2,650 ₹ offers limited risk, while exits should be considered around 2,850–2,900 ₹ unless strong reversal occurs. Fundamentally strong with attractive growth valuation, but technically cautious in the near term.