WAREE RENEWABLE TECHNOLOGIES - 10-20% PROFIT OPPORTUNITY - LONGWaaree Renewable Technologies
Trading at the lower side of the uptrend channel
There is a possibility of making 10-20% profit
Buy Zone: 985 -1040
Target 1 : 1128
Target 2: 1159
Target 3: 1236
Short Time Traders : 938
Long Time Investors: Buy on Dips
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Wareeenergy
Waaree Energies Limited - Near BreakoutIncorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. WEL has five solar module manufacturing facilities in India, with international presence.
Fundamentals:
Market Cap: ₹ 97,343 Cr.
Promoter holding: 64.3 %
FII holding: 2.68 %
DII holding: 2.86 %
Public holding: 30.2 %
Debt: ₹ 1,199 Cr.
Debt 3Years back: ₹ 363 Cr.
Stock looks good on long term holding. Above 3740, All time high breakout and can give more upside movement. Targets are in the chart.
WAAREE ENERGIES LTD - Cup Breakout with Rising RSI⚡ WAAREE ENERGIES LTD – Cup Breakout with Rising RSI
🕒 Timeframe: 1D | NSE: WAAREENER
📅 Date: April 22, 2025
💰 CMP: ₹2,444.20
📈 Volume: 2.15M
🔍 Chart Observations
☕ Cup Formation visible on the daily chart – smooth rounding bottom structure, signifying accumulation.
📐 Breakout from Downtrend Line confirms bullish intent with strong momentum and volume.
🧱 Key Levels
🔵 Resistance Zones (Targets):
₹2,674.55 – recent swing high
₹2,869.00 – key psychological resistance
🔴 Support Level:
₹2,229.60 – neckline of cup & breakout retest zone
📉 Trendline:
Long descending trendline (white) has been broken on the upside
📊 Technical Indicators
📈 RSI (Relative Strength Index)
Currently at 63.93, comfortably in bullish territory
Recent “Bull” label marks bullish RSI divergence & breakout
Still has room to rise before overbought zone
✅ Conclusion
Cup pattern breakout with strong volume & positive RSI = bullish structure
Sustained move above ₹2,444 could invite targets of ₹2,670+ in coming sessions
Ideal setup for swing traders with a clear SL below ₹2,229
📉 Chart by: PriceAction_Pulse
📘 For educational use only. Always DYOR before making any trading decisions.



