WAAREE Energies Ltd – Bearish Trend, Short-Term Recovery

WAAREE Energies Ltd – Bearish Trend, Short-Term Recovery
WAAREE Energies is showing a short-term recovery from lower levels, but the broader chart structure remains cautious. Price is trading below key resistance zones after a prolonged decline, while momentum indicators are improving but not yet strongly bullish.
🔎 Technical View:
• Short-term bounce from support
• Overall trend remains cautious/bearish
• Price facing resistance near ₹2,650–₹2,690
• RSI around 47 → neutral zone
• Momentum needs confirmation above resistance
🔑 Key Levels:
• Support: ₹2,572–₹2,533
• Major Support: ₹2,493–₹2,415
• Resistance: ₹2,651–₹2,690
• Major Resistance: ₹2,730–₹2,887
🎯 Upside: Sustained move above ₹2,690–₹2,730 may open ₹2,800+ levels.
📉 Risk: Break below ₹2,533 can increase selling pressure toward ₹2,493/₹2,415.
📈 View: Neutral-to-bearish below ₹2,690; bullish confirmation only above ₹2,730 with sustained momentum.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊