WAAREEENER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

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

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading near its 52-week high and well above key moving averages.

Price Action: At ₹3,500, it’s comfortably above the 50-DMA (₹3,225) and 200-DMA (₹2,851), confirming bullish momentum.

📈 Momentum Indicators

RSI (57.7): In the bullish-neutral zone, indicating healthy momentum with room to rise before overbought levels.

MACD (120): Strongly positive, confirming a bullish crossover and sustained upward momentum.

Volume: Current volume (22.45 lakh) is below the 1-week average (33.59 lakh), suggesting momentum is intact but not yet backed by peak participation.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 3,225 Strong Support

200-DMA 2,851 Strong Support

Current Price 3,500 Above both DMAs

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but potential short-term resistance.

A breakout above ₹3,550–₹3,600 could trigger a rally toward ₹3,800+.

🧭 Support & Resistance Zones

Immediate Support: ₹3,400–₹3,425

Major Support: ₹3,225 (50-DMA), then ₹3,000

Immediate Resistance: ₹3,550–₹3,600

Major Resistance: ₹3,800–₹3,865 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹3,400–₹3,425 (on pullback with MACD support)

Exit Zone: ₹3,800–₹3,865 (resistance zone), ₹4,000+ if momentum sustains

🔍 Conclusion

WAAREEENER is trending upward with strong MACD and RSI signals. Price action above key moving averages confirms bullish sentiment. A breakout above ₹3,600 with volume could signal further upside, while a pullback to ₹3,400 offers a favorable entry. The stock remains in a bullish trend with short-term momentum intact.

Would you like to explore how this compares with other solar energy leaders like Adani Green or KPI Green Energy?

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