Is Waaree Energies technically bullish or bearish?

As of 17 October 2025, the technical trend for Waaree Energies has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and the Bollinger Bands also indicate bullish momentum. Daily moving averages are bullish, and the On-Balance Volume (OBV) shows bullish strength on both weekly and monthly time frames. However, Dow Theory indicates a mildly bearish stance on the weekly chart, which slightly tempers the overall bullish outlook. The recent price action shows a current price of 3536.15, down from the previous close of 3624.70, but the stock has outperformed the Sensex over the past week and year-to-date. Overall, the strength of the bullish trend is supported by multiple indicators, despite some mixed signals from Dow Theory.