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Waareeenergies

WAAREE ENERGIES - Bullish Momentum in ActionTrade Overview: The bullish setup is unfolding well with TP1 already achieved at 2955.75. Price action is showing strong signs of continuation toward the remaining targets. Key Levels: Entry: 2881.85 Stop Loss (SL): 2822.05 Take Profit Targets: TP2: 3075.35 TP3: 3194.90 TP4: 3268.80 Technical Insight: The price is trending above the 15-minute moving averages, with a GREEN signal from the Risological Indicator, confirming bullish intent. The breakout beyond TP1 suggests sustained upward pressure. Traders should watch for any resistance near TP2. Strategy Tip: Trail stop loss to lock in profits as the price advances. A pullback toward the entry zone could offer an additional opportunity to strengthen long positions. Stay tuned for further target hits as Waaree Energies powers through!
NSE:WAAREEENERLong
by ProfitsNinja
Is This the Right Time to Buy WAAREE ENERGIES...?At the moment, WAAREE ENERGIES is experiencing a pullback to the 3000 rs mark. This price point corresponds with the 0.5 Fibonacci retracement level, which often serves as a significant area of support in technical analysis. As a result, this could be a strategic opportunity for investors to consider making their initial investment. For those looking to build their position further, it may be prudent to plan for a second investment if the stock price dips to around the 2600 rs level. Keep in mind that this analysis is based solely on technical indicators and does not take into account the fundamental aspects of the company or the market. Therefore, it's crucial to conduct your research and consider all variables before making any investment decisions.
NSE:WAAREEENER
by Kartik_Elkunchwar