Waaree Renewable Technologies Ltd Faces Bearish Momentum Amid Mixed Technical Signals

Technical Trend Shift and Price Movement

On 13 Feb 2026, Waaree Renewable Technologies Ltd closed at ₹907.80, down 0.93% from the previous close of ₹916.35. The stock’s intraday range was relatively narrow, with a low of ₹902.80 and a high matching the previous close at ₹916.35. This price action reflects a cautious market sentiment amid a broader bearish technical backdrop.

The company’s 52-week high stands at ₹1,358.50, while the 52-week low is ₹732.05, indicating significant volatility over the past year. The current price is closer to the lower end of this range, suggesting limited upside momentum in the near term.

MACD and Momentum Indicators Signal Bearishness

The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum oscillator, presents a bearish outlook on both weekly and monthly charts. The weekly MACD remains firmly bearish, signalling that short-term momentum is weakening. The monthly MACD, while mildly bearish, corroborates this trend, indicating that the stock’s longer-term momentum is also under pressure.

Complementing this, the Know Sure Thing (KST) indicator aligns with the MACD’s bearish stance, showing a weekly bearish signal and a mildly bearish monthly reading. These momentum oscillators collectively suggest that the stock is likely to face continued downward pressure unless a significant catalyst reverses the trend.

RSI and Bollinger Bands: Mixed Signals

The Relative Strength Index (RSI), which measures the speed and change of price movements, currently offers no clear signal on either the weekly or monthly timeframe. This neutral RSI reading implies that the stock is neither overbought nor oversold, leaving room for either a rebound or further decline depending on market developments.

In contrast, Bollinger Bands, which track price volatility and potential reversal points, show a mildly bearish stance on the weekly chart and a more pronounced bearish signal on the monthly chart. The stock price is hovering near the lower band on the monthly scale, suggesting increased downside risk but also the potential for a volatility-driven bounce.

Moving Averages and Volume Trends

Daily moving averages reinforce the bearish narrative, with the stock trading below key short-term and medium-term averages. This positioning typically indicates that sellers are in control and that the stock may struggle to regain upward momentum in the immediate term.

On the volume front, the On-Balance Volume (OBV) indicator shows a mildly bullish trend on the weekly chart, hinting at some accumulation despite the price weakness. However, the monthly OBV remains neutral, suggesting that any buying interest has yet to translate into a sustained trend reversal.

Comparative Performance: Waaree vs Sensex

Examining Waaree Renewable Technologies’ returns relative to the Sensex index provides further context for its recent performance. Over the past week, Waaree outperformed the Sensex with a 0.96% gain compared to the benchmark’s 0.43%. However, this short-term strength contrasts with longer-term underperformance.

Over the past month, the stock declined by 3.98%, significantly underperforming the Sensex’s modest 0.24% loss. Year-to-date, Waaree’s return stands at -6.13%, compared to the Sensex’s -1.81%, highlighting a more pronounced downward trend for the company.

On a one-year basis, Waaree has delivered a 3.38% return, lagging behind the Sensex’s robust 9.85% gain. Despite this, the company’s long-term performance remains exceptional, with a three-year return of 732.00% vastly outpacing the Sensex’s 37.89%. Over five and ten years, Waaree’s returns of 14,733.33% and 41,734.10% respectively dwarf the benchmark’s 62.34% and 264.02%, underscoring its historical growth trajectory.

Mojo Score and Rating Upgrade

MarketsMOJO’s latest assessment upgraded Waaree Renewable Technologies Ltd’s Mojo Grade from Sell to Hold on 10 Feb 2026, reflecting a cautious but improved outlook. The company’s Mojo Score currently stands at 54.0, indicating a moderate investment appeal. The Market Cap Grade is 3, signalling a mid-tier market capitalisation within the power sector.

This upgrade suggests that while the stock’s technicals remain challenging, there is recognition of its underlying value and potential for stabilisation. Investors should weigh this balanced rating against the prevailing bearish technical signals before making allocation decisions.

Sector and Industry Context

Operating within the power sector, Waaree Renewable Technologies faces sector-specific headwinds including fluctuating demand, regulatory changes, and commodity price volatility. The power industry’s cyclical nature often results in technical oscillations, which are reflected in Waaree’s mixed indicator readings.

Given the sector’s strategic importance and the company’s long-term growth record, the current technical weakness may represent a consolidation phase rather than a fundamental deterioration. However, investors should remain vigilant for confirmation of trend reversals through improved momentum and volume indicators.

Investor Takeaway and Outlook

Waaree Renewable Technologies Ltd’s current technical profile is characterised by a predominantly bearish momentum across key indicators such as MACD, moving averages, and Bollinger Bands. The absence of clear RSI signals and the mildly bullish weekly OBV suggest some underlying support, but the overall trend remains cautious.

Investors should consider the stock’s recent downgrade from a Sell to a Hold rating as a sign of stabilisation rather than a definitive turnaround. The company’s impressive long-term returns relative to the Sensex highlight its growth potential, but near-term price action may remain volatile.

For those with a medium to long-term horizon, monitoring the evolution of momentum indicators and volume trends will be crucial. A sustained break above daily moving averages and a shift in MACD towards bullish territory would be positive signals to watch for. Conversely, failure to hold current support levels near ₹900 could lead to further downside risk.

In summary, Waaree Renewable Technologies Ltd presents a mixed technical picture with bearish momentum dominating but pockets of resilience evident. Investors should balance these factors carefully within their portfolio strategies, considering both sector dynamics and broader market conditions.

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