A rounding bottom pattern is a bullish reversal pattern in technical analysis that signals a potential shift from a downtrend to an uptrend. It's characterized by a gradual, rounded, U-shaped curve on a price chart, resembling a bowl or saucer. This pattern suggests that selling pressure is waning and buying interest is increasing, potentially leading to a price breakout above a resistance level (the neckline).
Trading Strategy:
Buy after the breakout:Traders often enter long positions (buy) after the price breaks above the neckline with stop loss near 500 level around.
ideaForge Technology Limited, a leading Indian manufacturer of unmanned aerial vehicles (UAVs), has secured a ₹137 crore order from the Ministry of Defence to supply Mini UAVs with accessories. The contract, announced on June 23, 2025, is to be executed within 12 months and involves hybrid Mini UAV systems for the Indian Army, acquired through an emergency procurement route. These drones, designed for intelligence, surveillance, and reconnaissance (ISR) missions, are battle-tested and already part of the Army’s inventory, notably used in Operation Sindoor. A key requirement was that critical components must be sourced from non-border-sharing nations, ensuring indigenous design and supply chain integrity, verified by two technical teams. The order significantly boosts ideaForge’s annual revenue by approximately 80%, though the company has faced financial challenges, reporting a ₹25.71 crore net loss in Q4 FY25 and an 80% revenue drop to ₹20.31 crore year-on-year. The stock surged 10% to hit the upper circuit at ₹631.65 on the BSE, reflecting investor optimism amid rising geopolitical tensions and India’s focus on indigenous defense technology.
Trading Strategy:
Buy after the breakout:Traders often enter long positions (buy) after the price breaks above the neckline with stop loss near 500 level around.
ideaForge Technology Limited, a leading Indian manufacturer of unmanned aerial vehicles (UAVs), has secured a ₹137 crore order from the Ministry of Defence to supply Mini UAVs with accessories. The contract, announced on June 23, 2025, is to be executed within 12 months and involves hybrid Mini UAV systems for the Indian Army, acquired through an emergency procurement route. These drones, designed for intelligence, surveillance, and reconnaissance (ISR) missions, are battle-tested and already part of the Army’s inventory, notably used in Operation Sindoor. A key requirement was that critical components must be sourced from non-border-sharing nations, ensuring indigenous design and supply chain integrity, verified by two technical teams. The order significantly boosts ideaForge’s annual revenue by approximately 80%, though the company has faced financial challenges, reporting a ₹25.71 crore net loss in Q4 FY25 and an 80% revenue drop to ₹20.31 crore year-on-year. The stock surged 10% to hit the upper circuit at ₹631.65 on the BSE, reflecting investor optimism amid rising geopolitical tensions and India’s focus on indigenous defense technology.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.