Today Waaree Energies price fall by more than 10% and in the last 3 days it is falling like anything. Crypto volatility is failing in fron of Waaree now a days. It's like a mountain forming in the last 5 trading days.
PC: Google.com
The stock went more than Rs 3600 and then started coming down and now it is at Rs 2820. This is mainly because of the Trump winning the election. Since Trump policies revolve around increasing the natural resources in the country and not thinking about renewal Energies. So any companies which are working on renewal Energies having a base in the US, is getting affected because of the uncertainties.
And that's why Waaree shares also going down. But I have not sold it yet, I am keeping it for he future because I know even if Trump doesn't support, renewal Energies are the future. Might be in the short term the shares have gone down but in the future this sector looks good.
So yeah the Waaree has gone up very nicely and now it has come down nicely too, hitting the Lower circuit today. There is a result coming up tomorrow or day after to know more about profit or loss of the company. So yeah I am not taking any decision as of now, and most probably not sell now. If the shares will go down to Rs 2500 then I might think of buying more shares. I have a target in mind which is Rs 4K and below that it is a good buy. Once it crosses Rs 4K, I will think of booking the profit after that.
But if you are thinking of entering, I would suggest to start buying in small quantities like 1 or 2 and then do the SIP. Once you get the good profit, you can sell it off.
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