Neutral Outlook on Waaree Renewable Technologies – Key Levels to Watch
Waaree Renewable Technologies is currently forming a symmetrical triangle pattern after a significant downtrend, signaling potential consolidation. A key technical indicator, the bullish RSI divergence, suggests weakening downside momentum. The stock is also stabilizing near the 200-day moving average, a critical support level.
Upside Potential:
A confirmed breakout above ₹1,648.05, accompanied by strong volume, could push the stock towards the next resistance at ₹2,120.85, offering a potential upside of approximately 26%.
Downside Risk:
On the other hand, failure to hold the 200-day MA could lead to a breakdown below ₹1,248.00, potentially driving the stock down to the next support at ₹793.40, implying a 36% downside.
Given the technical setup, the stock remains in a neutral zone, and traders should watch for a breakout from the triangle for directional clarity.
Waaree Renewable Technologies is currently forming a symmetrical triangle pattern after a significant downtrend, signaling potential consolidation. A key technical indicator, the bullish RSI divergence, suggests weakening downside momentum. The stock is also stabilizing near the 200-day moving average, a critical support level.
Upside Potential:
A confirmed breakout above ₹1,648.05, accompanied by strong volume, could push the stock towards the next resistance at ₹2,120.85, offering a potential upside of approximately 26%.
Downside Risk:
On the other hand, failure to hold the 200-day MA could lead to a breakdown below ₹1,248.00, potentially driving the stock down to the next support at ₹793.40, implying a 36% downside.
Given the technical setup, the stock remains in a neutral zone, and traders should watch for a breakout from the triangle for directional clarity.
交易結束：目標達成
book at 2015
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。