DroneAcharya is trying to breakout from triangle Keep an eye on Drone Acharya, as it trying for breakout from triangle. May try to spend sometime in triangle before breakout.
DRONACHRYA trade ideas
Stock in Downtrend: DRONACHRYA AERIAL INNOVATION LTDDrone acharya has been in the downtrend since the beginning of 2024.
Currently it is consolidating near the strong support level of 114 at 119 level.
Resistance levels: 128, 150,
Fundamental Data:
Industry: Drone Manufacturing, Services, Education
Market Cap : ₹ 287 Cr.
Current Price : ₹ 120
Stock P/E : 48.8 (Ind.PE=72.8)
Revenue : 18.57 (FY23), 34.96 (FY24)
Revenue Growth: 88.3%
OPM % : 26.98% (FY23), 29.43% (FY24)
Net Profit : 3.43 (FY23), 6.08 (FY24)
Net Cash Flow : -9.77 1.3
ROCE : 11.6 %
ROE : 8.50 %
Red Flags: Promoter holding is low: 28.2%, Has some Cashflow issues.
Drone Acharya - A symmetrical Triangle Breakout The stock is forming a Symmetrical Triangle Breakout. It has also received orders from the Indian Army as per latest reports.
An entry above 205 presents a target of 262. with a stop on low of DCB.
Bullish on Droneacharya Aerial InnovationsDroneacharya Aerial Innovations has recently bagged govt order for Unarmed Aerial Vehicles. Technical setup is of VCP pattern. Add for good gains.
DRONACHARYA: Inverse Head and Shoulder DRONACHARYA (DRONEACHARYA AERIAL INNOVATION) has completed an Inverse Head and Shoulder pattern. Listed on BSE. No major volume change. RSI >60. Trades in lots of 1000. High Risk. Waiting for breakout.
DRONACHRYA - Weekly AnalysisIn the Weekly Chart of DRONACHRYA ,
we can see that, it has been shrinked inside a triangle.
Enter on breaking Candle's High with low as SL.
