Technical Analysis Waaree Renewable Technologies Ltd

The stock $WAAREERTL after hitting a major peak near 1350 in October 2025 the stock has been making lower highs and lower lows. The price found a strong bottom around 770–800 in March/April 2026 leading to a sharp recovery up to the 1150 level. Right now, the stock is pulling back again and trading near 971.60. It is currently moving sideways as it tries to find a stable floor. Immediate Support 900 is a crucial psychological level. If the price falls below this the next strong support zone is around 800–830. Immediate Resistance 1130–1150 is a heavy resistance area. The stock recently faced a sharp rejection from this level marked by the long upper wick in April. Major Upside Target a clean breakout above 1150 is needed to shift the overall trend back to bullish which could open targets up to 1250 and 1350. For short-term buyers the stock is currently in a consolidation phase making it ideal to wait for a clear bounce near the 900 support level or a decisive breakout above the 1130–1150 resistance range before entering new positions. A strict stop-loss should be maintained below 900 to manage risk as slipping under this floor could trigger further downsides. For existing holders it is wise to maintain patience and hold the stock as long as it trades safely above the major 800–900 support zone.