Waaree Energies stock has been graded a “buy” by Arihant Capital on the strength of strong technical cues and solid Q1 performance, whereas Suzlon Energy and Reliance Power have been graded “sell” due to bearish signals and weak price structures.
There was a correction in the Indian stock market on July 28, 2025, when Sensex dropped by 542 points to close at approximately 82,184 and Nifty 50 fell below 25,100. In this period of confusion in the markets, Arihant Capital issued short-term trade recommendations unique for specific energy sector stocks.
Buy Call: Waaree Energies
Waaree Energies is showing a typical higher top–higher bottom formation on daily charts, indicating persistent bullish momentum. Waaree Energies has outperformed the broader indices steadily and has a robust Relative Strength Index (RSI), a key price strength indicator. Arihant Capital recommends buying Waaree Energies at about ₹3,190 with a stop-loss of ₹3,055 and an upper target of ₹3,290 to ₹3,385 short term.
This optimistic perception is also backed by strong fundamentals. The firm witnessed an eye-popping 89% quarter-on-quarter increase in net profit in Q1, at ₹745 crore. Revenue also grew 30% quarter-on-quarter, reflecting strong demand for solar and renewable energy solutions. Waaree’s finance supports the technical configuration, thus making it a bet one can place.
Sell Call: Reliance Power & Suzlon Energy
On the other hand, Reliance Power has dipped below its 50-day simple moving average, which is a bearish sign reflecting decreasing momentum. The trend in RSI has weakened and price action suggests a lack of buyer interest. Arihant suggests selling at about ₹56 with a stop-loss at ₹61 and target levels of ₹51 and ₹46.
So is Suzlon Energy. Technical weakness is looming large as momentum indicators reverse and the stock underperforming, so traders need to avoid long positions and look at the outlook of shorting for near-term drops.
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