WAAREE ENERGIES LTD BUY

 

FIRST TARGET DONE IT MAKE HIGH  2374 21-3-2025 3.28 PM

SECONG TARGET DOEN IT MAKE HIGH 2449  24/3/2025

Technical Analysis for WAAREE ENERGIES LTD BUY  ABOVE  22294  - 2304

Support and Resistance Levels:

Support Levels:

2,214 - 2,222 (Fib 0.618 Retracement Level)

2,066 (Fib 0.786 Level, Strong Support)

Resistance Levels:

2,294 - 2,303 (Currently testing this zone)

2,366 (Fib 0.5 Level, Next resistance)

2,422 - 2,455 (Fib 0.382 Level, Strong resistance)

2,557 (Major resistance, previous high)

Target & Stop Loss:

Target Levels:

Short-term target: 2,366 (Fib 0.5 level)

Mid-term target: 2,455 (Fib 0.382 level)

Long-term target: 2,557

Stop Loss:

Conservative SL: 2,214 (Fib 0.618 level, key support)

Aggressive SL: 2,222 (Strong support zone)

Technical View:

Chart Pattern:

The stock has formed a double-bottom reversal pattern, which is a bullish sign.

Breakout above the 2,294 resistance zone confirms bullish momentum.

Fibonacci Levels:

Price is currently near the Fib 0.618 level (2,214), which is an important support.

If the price sustains above 2,294, it could move toward 2,366-2,455 levels.

RSI Indicator:

RSI is above 60, suggesting bullish momentum.

Overbought conditions could lead to short-term pullback before further upside.

Conclusion:

Bullish Bias if price stays above 2,294 with targets at 2,366 - 2,455.

Stop loss below 2,214 to protect downside risks.

If price fails to hold above 2,294, it may retest 2,222 - 2,214 support levels.

Short, Medium, and Long-Term View for WAAREE ENERGIES LTD

1. Short-Term View (Few Days to 2 Weeks)

Trend: Bullish (as long as price stays above 2,294)

Key Levels:

Support: 2,294 - 2,214

Resistance: 2,366 - 2,455

Targets: 2,366, then 2,455

Risk: If price falls below 2,214, a downside move to 2,066 is possible.

Action: Buy on dips above 2,294 with SL at 2,214 and target 2,366 - 2,455

2. Medium-Term View (Few Weeks to a Few Months)

Trend: Bullish to Neutral

Key Levels:

Support: 2,214 - 2,066

Resistance: 2,455 - 2,557

Targets: 2,455, then 2,557

Risk: If price falls below 2,066, a correction to 1,900-1,850 could occur.

Action: Hold above 2,214, and watch for breakout above 2,455 for further upside.

3. Long-Term View (6+ Months to 1 Year)

Trend: Bullish, but needs confirmation of breakout above 2,557

Key Levels:

Support: 2,066 - 1,850

Resistance: 2,557 - 2,800

Targets: 2,800+ if it breaks 2,557

Risk: If the broader market weakens, it may correct towards 2,066 - 1,850

Action: Investors should hold as long as 2,066 remains intact and add positions above 2,557

Final Summary:

Short-Term: Bullish; Buy above 2,294 for 2,366-2,455

Medium-Term: Hold if above 2,214, next target 2,455-2,557

Long-Term: Needs breakout above 2,557 for rally toward 2,800+