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 📊