Waaree Energies Ltd – Range Breakout Setup | Compression Before Expansion (Daily Chart)

📊 Waaree Energies Ltd – Range Breakout Setup | Compression Before Expansion (Daily Chart) The stock is currently consolidating inside a broad range after a sharp recovery from the recent swing low. Price is now approaching a key resistance zone while volatility is compressing. 🔎 Technical Observations: Strong bounce from ₹630–₹650 demand zone Higher low formation visible Price trading above 20 EMA & near 50 EMA Falling trendline resistance approaching Bollinger Bands tightening (volatility squeeze) RSI holding above 55 (bullish bias) Momentum indicator showing steady recovery 🔑 Key Levels to Watch: Immediate Resistance: ₹760–₹775 Major Resistance: ₹808–₹850 Immediate Support: ₹700 Major Support: ₹630 📈 Bullish Scenario: Sustained breakout above ₹775 can trigger momentum move towards: ₹808 ₹850 ₹900–₹950 (extended target zone) ⚠️ Bearish Scenario: Failure to hold ₹700 may drag the stock back toward ₹650–₹630 support zone. Stock is at a compression zone — expansion move likely soon. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS