Waaree Energies Near 52-Week Low Despite 2 GW Solar Order

Waaree Energies falls for a second session despite securing a 2 GW solar module order. ₹2,400 support and ₹2,730 resistance remain key levels to watch. Waaree Energies

shares remained under pressure on Tuesday, September 22, declining for the second consecutive session despite the company receiving an order from a leading solar developer for the supply of 2 GW of solar modules. The stock closed at ₹2,494.80, down 0.17%, keeping it close to its 52-week low of ₹2,403. At the current price, the stock is only around 4% above this low, while its 52-week high stands at ₹3,719. From a technical perspective, ₹2,400 is emerging as a crucial support zone. A sustained hold above this level could be important for the stock’s near-term price structure. On the upside, ₹2,730 is likely to act as a key resistance level. Market participants may closely track price action around ₹2,400 and ₹2,730 for signs of a potential breakdown or breakout. The stock’s proximity to its 52-week low remains a key point to watch despite the latest order win. Disclosure: I do not hold any position or have any financial interest in the mentioned stock.