Waareeenergiesltd — Trading Ideas on TradingView

Unlock Profits: Waaree Energies Ltd Swing Trade Setup Explained If WAAREE ENERGIES stock holds the 3,150 level on a closing basis, it will confirm a breakout from the double top pattern, and the stock could test the 3,436 level. Additionally, the volume is increasing along with the price, which is a positive sign for this stock. Don't forget to subscribe to our YouTube channel, DICEY TRADE.

Waaree Energies Technical Analysis with Confirm Targets Detailed chart analysis of Waaree Energies Ltd. based on the Daily Time Frame (1D) Chart as of April 23, 2025 Current Price Movement - LTP (Last Traded Price): ₹2,983.00 - Change: +₹367.10 (+14.03%) — A strong bullish candle with a significant gap-up. - Volume: 19.82M — Strong volume confirmation indicating institutional interest. Resistance / Supply Zones 1. Resistance - 1 (Supply Zone) ₹3,186.00 – ₹3,237.15 This is the nearest resistance zone where the stock may face selling pressure. Previous supply has emerged here, and buyers may take profit. 2. Major Resistance / Supply Zone ₹3,646.40 – ₹3,741.45 This zone marks the previous major highs and is a key resistance area. A breakout above this may indicate a strong continuation of the uptrend. Support / Demand Zones 1. Major Support - 1 (Demand Zone) ₹2,455.20 – ₹2,512.70 This is the most recent breakout zone. If the price corrects, this area may act as a strong support level. 2. Support Zone - 2 - ₹2,294.40 – ₹2,323.30 - Acts as the next layer of support if ₹2,455 fails to hold. 3. Major Support - 2 - ₹2,009.40 – ₹2,075.15 - Long-term support zone, previously tested multiple times, can act as a strong demand zone in case of major correction. Price Structure & Volume - The chart shows a **strong bullish breakout** after forming a **higher low**. - Today's price action indicates a **gap-up opening with heavy buying interest**. - Volume confirms the breakout — higher than average volume during the up move suggests strong conviction. Key Technical Takeaways - Trend Reversal Confirmation: After a prolonged downtrend, price has shown a strong bullish reversal. - Bullish Breakout: Price broke through multiple resistances with volume confirmation. - Watch for Retest: In case of pullback, ₹2,455–₹2,512 zone should be watched for buying interest. Targets - First Target: ₹3,186–₹3,237 - Final Resistance Target: ₹3,646–₹3,741 - If the price fails to sustain above ₹2,983 and closes below ₹2,512 in coming sessions, it might signal a false breakout or correction.

Waaree Energies Ltd. - Breakout Opportunity Date : 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.