🚀 Waaree Energies: Bold Capex, Key Risks & Technicals

News / Fundamentals Waaree’s board cleared a massive ₹8,175 cr capex across clean energy verticals. The bulk (~₹8,000 cr) goes into scaling lithium-ion / BESS capacity from 3.5 → 20 GWh, positioning it as a storage leader. Electrolyser expansion (300 → 1,000 MW, ₹125 cr) and inverter ramp-up (3 → 4 GW, ₹50 cr) round out the plan. This is a high-conviction bet on energy storage, hydrogen & inverter integration, aligned with global decarbonization tailwinds. However, risk clouds remain—U.S. Customs is probing possible tariff evasion/mis-labelling, which could impact overseas exposure. Positives: Nomura’s Buy call with ~16% upside and Q1 profit surge (+89% YoY) boosting sentiment. 🖥️ Technicals CMP: ~₹3,430 | VWAP: ~₹3,420 → indecision zone Resistance: ₹3,520 (near-term), ₹3,700–3,800 (major swing) Support: ₹3,250–3,300 (immediate), ₹3,000–3,200 (strong base) Breakdown level: Below ₹2,900 → medium-term bearish RSI (14): ~53 → neutral Trend View: Stock corrected sharply earlier, now consolidating. Sideways to mild upward bias; volumes near key levels will guide next move. Scenarios ✅ Bullish: Breakout above ₹3,520 with volume → rally toward ₹3,700+ ⚠️ Bearish: Slip below ₹3,250 → weakness to ₹3,000 or lower ➖ Neutral: Range-bound between ₹3,250–₹3,420 until fresh triggers 👉 Overall: Bold capex = growth optionality, but U.S. regulatory risk = key overhang. Stock in watch-zone for breakout/breakdown