Technical Trend Shift and Price Movement
On 31 Dec 2025, Waaree Renewable Technologies Ltd closed at ₹949.50, marking a modest increase of 0.42% from the previous close of ₹945.50. The stock traded within a range of ₹938.00 to ₹958.95 during the day, remaining well below its 52-week high of ₹1,470.00 but comfortably above its 52-week low of ₹732.05. This price action suggests a consolidation phase with a slight upward bias, consistent with the technical trend change from sideways to mildly bullish.
The daily moving averages have turned mildly bullish, signalling that short-term momentum is gaining strength. However, the weekly and monthly charts present a more complex picture, with several indicators still reflecting bearish or neutral stances.
Mixed Signals from Key Technical Indicators
The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart, indicating that the longer-term momentum has yet to fully confirm a sustained uptrend. This divergence between short-term bullishness and longer-term bearishness suggests that investors should remain cautious and watch for confirmation in coming weeks.
The Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no clear signal, hovering in neutral territory. This lack of momentum extremes implies that the stock is neither overbought nor oversold, which aligns with the observed sideways to mildly bullish trend.
Bollinger Bands on weekly and monthly charts remain bearish, reflecting persistent volatility and downward pressure on price. The stock’s price is likely trading near the lower band, which could indicate potential support but also warns of continued risk.
Additional Technical Assessments
The Know Sure Thing (KST) oscillator is mildly bearish on both weekly and monthly charts, reinforcing the cautious stance suggested by MACD and Bollinger Bands. Conversely, the Dow Theory readings are mildly bullish on both timeframes, hinting at a possible underlying strength in the broader trend.
On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish weekly and bullish monthly, signalling that buying pressure is gradually increasing. This divergence between price momentum and volume could be an early sign of accumulation by institutional investors.
Comparative Performance and Market Context
When compared to the broader Sensex index, Waaree Renewable Technologies Ltd has underperformed significantly over recent periods. The stock’s year-to-date return stands at -29.29%, while the Sensex has gained 8.36%. Over the past year, the stock declined by 25.76%, contrasting with the Sensex’s 8.21% rise. However, the long-term performance remains impressive, with a 3-year return of 848.84% and a staggering 10-year return exceeding 43,655%, dwarfing the Sensex’s 226.18% over the same period.
This disparity highlights the stock’s volatility and cyclical nature within the power sector, where short-term headwinds have weighed on performance despite strong fundamentals and growth prospects.
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Mojo Score Upgrade and Rating Implications
MarketsMOJO recently upgraded Waaree Renewable Technologies Ltd’s Mojo Grade from Sell to Hold on 15 Dec 2025, reflecting an improved technical outlook and stabilising fundamentals. The current Mojo Score stands at 62.0, indicating moderate confidence in the stock’s near-term prospects. The Market Cap Grade remains at 3, consistent with its classification as a small-cap stock within the power sector.
This upgrade suggests that while the stock is not yet a strong buy, it has moved out of the sell territory, signalling that investors may consider accumulating on dips with a medium-term horizon. The mildly bullish daily moving averages and positive volume trends support this cautious optimism.
Sector and Industry Considerations
Operating within the power sector, Waaree Renewable Technologies Ltd is positioned in an industry undergoing significant transformation driven by renewable energy adoption and government incentives. Despite recent market volatility, the sector’s long-term outlook remains favourable, supported by increasing demand for clean energy solutions and infrastructure expansion.
However, the stock’s recent underperformance relative to the Sensex and mixed technical signals highlight the importance of monitoring broader market conditions and sector-specific developments. Investors should weigh these factors alongside technical indicators when making allocation decisions.
Outlook and Investor Takeaways
In summary, Waaree Renewable Technologies Ltd is exhibiting signs of a technical momentum shift, with daily moving averages turning mildly bullish and volume indicators suggesting accumulation. Nevertheless, bearish signals from MACD, Bollinger Bands, and KST on weekly and monthly charts counsel prudence.
Investors should watch for confirmation of trend strength through sustained price moves above key resistance levels and improvement in momentum indicators. The stock’s long-term track record remains robust, but short-term volatility and sector dynamics warrant a balanced approach.
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Technical Indicators to Monitor Going Forward
Key technical levels to watch include the stock’s ability to sustain above the ₹950 mark and challenge resistance near ₹1,000, which could confirm a more definitive bullish trend. Improvement in the MACD from bearish to bullish territory on weekly and monthly charts would be a significant positive signal.
Similarly, a rise in RSI above 60 would indicate strengthening momentum, while narrowing Bollinger Bands could signal reduced volatility and a potential breakout. Volume trends, as indicated by OBV, should continue to be monitored for signs of institutional buying or selling pressure.
Given the current mildly bullish daily moving averages and positive Dow Theory signals, a cautious accumulation strategy may be appropriate for investors with a medium-term outlook, while those with lower risk tolerance might await clearer confirmation.
Conclusion
Waaree Renewable Technologies Ltd’s recent technical parameter changes reflect a tentative shift towards bullish momentum amid a backdrop of mixed signals. The upgrade to a Hold rating by MarketsMOJO aligns with this cautious optimism, suggesting that the stock is stabilising after a period of underperformance relative to the broader market.
Investors should remain vigilant, balancing the stock’s impressive long-term returns against short-term volatility and sector-specific risks. Monitoring key technical indicators and price action will be essential to capitalise on potential upside while managing downside risks effectively.
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