Technical Analysis Waaree Renewable Technologies Ltd.

The stock $WAAREERTL is experienced a major correction from its peak near 1360 down to a swing low around 780–800. This marks a structural downtrend that dominated the late last year and early 2026. A sharp recovery was attempted in April pushing the price back up to 1200. However this rally could not sustain and the price corrected again. The stock is currently consolidating and trying to form a base in the 920–980 zone. It is moving sideways with lower volatility compared to previous months. Immediate Resistance 1000–1020. Psychological round number and recent swing highs act as a short-term barrier. Major Resistance 1115 and 1200. Clear breakout zones for a trend reversal. Immediate Support 920. Recent minor swing lows have held this level firmly. Major Support 780–800. Strong historical demand zone where the selling pressure completely dried up in March. For Aggressive Buyers A minor long position can be monitored if the price sustains above 1000 keeping a tight stop-loss below 920. For Conservative Traders the safest approach is to wait for a decisive daily close above the 1115 level with strong volume. This would confirm a structural shift from a sell-on-rise market to a buy-on-dips market.