Waaree Energies Ltd. - Breakout Opportunity

Date: 10-Dec-2024
LTP: Rs. 3,134.65
Targets: (T1) Rs. 3,743 --> (T2) Rs. 4,503
SL: Rs. 2,762

Technical View:
• After listing on 28-Oct-2024, WAAREEENER touched high of 3,743 on 6-Nov-2024 and than retraced 33% to 2,512 level.
• WAAREEENER has recently given breakout from it's current downward trendline.
• Volume has increased in last few sessions.
• WAAREEENER is trading above 20 DEMA since last few sessions.
• RSI is in buy zone and trading at 66.24.
• Looking good to continue it's upward journey from here.

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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.