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IDEAFORGE TECHNO LTDIDEAFORGE TECHNO LTDIDEAFORGE TECHNO LTD

IDEAFORGE TECHNO LTD

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IDEAFORGE trade ideas

IDEAFORGE - WEALTH DESTROYER ?The chart speaks for itself, as always. This is a prime example of why buying a company solely because it’s "new age" can be a mistake. Given the widespread adoption of drones, you’d expect a drone manufacturer to perform well. The stock debuted on the NSE at ₹1,300 per share—a staggering 93.5% premium over its issue price. At the current market price, 73% of the wealth has been eroded. What do you think comes next? A reversal or a continued downtrend? Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:IDEAFORGE
by TheChartereds
IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well. Entry is given at 712 Stop Loss is given at 556 Targets are as follows: Target 1-886 Target 2-1056 Target 3-1260 Target 4-1345 (These targets will be achieved within 2 years from the date of entry) NOTE:- This view is purely based on Technical Analysis and is for educational purposes only. Please consult your Financial Advisor Before taking any trade.
NSE:IDEAFORGELong
by joukaniram
IDEAFORGE : Took an initial positionCompany Overview: As the largest drone company in India, they hold a dominant position in drone manufacturing, which instills confidence in the stock. They currently possess a substantial 50% market share in the Indian drone sector, establishing themselves as a key player globally. Significance of UAVs: Unmanned Aerial Vehicles (UAVs) are poised to play a pivotal role in various sectors, including defense, agriculture, construction, real estate, industrial asset inspection, mining, and more. Government Support: The drone sector is part of the Production-Linked Incentive (PLI) scheme, and the government is actively supporting this industry through various means. The potential applications of drones in e-commerce further enhance the opportunities within this nascent sector. Company Strengths: IDEAFORGE currently stands as the undisputed leader in India, boasting a substantial market share and a robust management team. Their impressive portfolio includes nearly 41 patents, with 10 registered in India and 15 internationally. Market Considerations: It's worth noting that approximately 56.86% of the company's holdings are in the hands of retail investors, which may pose a risk of increased market volatility during broader market downturns. Investment Strategy: Despite the aforementioned risk, the belief remains strong in the stock's multi-bagger potential. The current position in the stock stands at approximately 0.625%, with plans to carefully monitor price action and fundamental developments. Will be looking forward to see some kind of consolidation pattern in the coming months which may give some indication for a complete turn around in stock price. Future updates will be provided if significant changes or additions are made to the position. In summary, IDEAFORGE's dominant position in India's drone manufacturing sector, coupled with its global presence and government support, makes it a compelling investment. However, the potential for market volatility due to a significant retail investor presence necessitates prudent monitoring and strategic decision-making.
NSE:IDEAFORGE
by Sniper-Traders
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