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WAAREE

Waaree Energies Ltd. - Breakout OpportunityDate : 10-Dec-2024 LTP : Rs. 3,134.65 Targets: (T1) Rs. 3,743 --> (T2) Rs. 4,503 SL : Rs. 2,762 Technical View: • After listing on 28-Oct-2024, NSE:WAAREEENER touched high of 3,743 on 6-Nov-2024 and than retraced 33% to 2,512 level. • NSE:WAAREEENER has recently given breakout from it's current downward trendline. • Volume has increased in last few sessions. • NSE:WAAREEENER is trading above 20 DEMA since last few sessions. • RSI is in buy zone and trading at 66.24. • Looking good to continue it's upward journey from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:WAAREEENERLong
by vicky252
WAAREERTL - Waaree Renewables Waaree Renewables Technologies Ltd operates in the renewable energy sector , primarily involved in power generation from sustainable sources . Additionally, the company offers consultancy services in this field. The company specializes in various aspects of solar photovoltaic (PV) energy, emphasizing solar pumps, solar parks, captive consumption, floating solar installations, and rooftop solar systems. Its offerings encompass floating solar solutions, rooftop solar solutions, and engineering, procurement, and construction (EPC) solutions for ground-mounted solar projects. 🔹 Technicals: ▸ Basing after the extended up move ▸ There was a shakeout in late May-early June and the price rallied nearly 90% afterwards. ▸ The current PA seems to be a shakeout near the 20, 50 EMAs. ▸ Additionally, there is a demand zone at 1075-1160, which has acted as a support in the last 3 weeks. 🔸 Financials: March 2023 ▸ Sales: 351 Cr ▸ Sales Growth: 116% ▸ Net Profit: 55 Cr ▸ Net Profit Growth: 511% ▸ Debt/Reserves ratio: 61% ▸ OPM: 24% March 2022 ▸ Sales: 162 Cr ▸ Sales Growth: 1146% ▸ Net Profit: 9 Cr ▸ Net Profit Growth: 450% ▸ Debt/Reserves ratio: 466% ▸ OPM: 15% March 2021 ▸ Sales: 13 Cr ▸ Sales Growth: 116% ▸ Net Profit: -2 Cr ▸ Net Profit Growth: -66% ▸ Debt/Reserves ratio: 11700% ▸ OPM: 54% Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
BSE:WAAREERTL
by aditichawla
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