At the moment, WAAREE ENERGIES is experiencing a pullback to the 3000 rs mark. This price point corresponds with the 0.5 Fibonacci retracement level, which often serves as a significant area of support in technical analysis. As a result, this could be a strategic opportunity for investors to consider making their initial investment.
For those looking to build their position further, it may be prudent to plan for a second investment if the stock price dips to around the 2600 rs level. Keep in mind that this analysis is based solely on technical indicators and does not take into account the fundamental aspects of the company or the market. Therefore, it's crucial to conduct your research and consider all variables before making any investment decisions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.