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Ideaforge Technology Limited

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IDEAFORGE trade ideas

IDEAFORGE: Trend Reversal in Play? Watch for Breakout After a strong decline, IDEAForge is showing early signs of a recovery with a short-term ascending triangle forming and price now trading above key EMAs. The stock closed at ₹499.05 (+7.95%), breaking above immediate resistance zones. Watch for a further move above ₹560.65, which could confirm a bullish reversal. Alarm set above 560—keep this on your radar for potential momentum plays. Technicals on watch: EMA crossover, pattern breakout, and volume confirmation.
NSE:IDEAFORGE
by TradeTravel_Explore
ideaForge Technology Limited (IDEAFORGE)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.
NSE:IDEAFORGE
by askbiswanath2025
IDEAFORGE: Reversal in Play or Just a Bounce? - Key LevelsIDEAFORGE recently showed a sharp recovery after a strong downtrend, rebounding from ₹552 to ₹590+ in one session on heavy volume. This V-shaped recovery signals potential short covering or accumulation. 🔍 Key Observations: Consolidation was seen around ₹588–₹590 before the breakdown. Sharp drop to ₹552 followed by a high-volume bounce. Price is now stabilizing around previous support zones. 🔮 Forecast (Next 15 Days): ✅ Bullish Scenario: If the price holds above ₹586–₹588 and breaks above ₹595–₹600 with volume, we may see: 🎯 Target 1: ₹610 🎯 Target 2: ₹625 🎯 Target 3: ₹640+ ❌ Bearish Scenario: Break below ₹584 could invalidate the bounce: 🔻 Support 1: ₹570 🔻 Support 2: ₹552 🔻 Support 3: ₹540 📌 Trading Plan: Watch for a breakout above ₹595 with volume confirmation. RSI crossing above 60 on 15-min/1H charts can further confirm bullish momentum. 💬 What do you think? Is this a reversal in the making or just a temporary bounce? Share your views below!
NSE:IDEAFORGE
by webadvise99
IDEAFORGE TECHNO LTDSwing Trade Alert #IDEAFORGE IDEAFORGE TECHNO LTD - Weekly Chart ■ Breakout Watch: Stock has broken above a long-term falling trendline. ■ Current Price: *561.60 (+6.20%) ■ Resistance Zone: *580-584 (previous swing high) ■ Setup: Trendline breakout with strong volume. ■ Volume Spike: Indicates strong buying interest. ■ Bullish Structure: Forming higher highs and higher lows post bottoming out. Swing Buy Above: *584 ■Target Zones: *640 / €700 ■ Stop Loss: *520 (below recent consolidation)
NSE:IDEAFORGELong
by TechnicalExpress
IDEAFORGE Price action## ideaForge Technology Ltd (IDEAFORGE) Price Analysis **Current Price and Recent Performance** As of June 3, 2025, ideaForge Technology Ltd (IDEAFORGE) is trading at approximately ₹529 on the NSE . The stock has experienced significant volatility in recent months, with a 52-week high of ₹864 and a low of ₹301 . Over the past few weeks, the price has rebounded sharply from the ₹360–₹400 range in early May to above ₹520 by the end of May, indicating strong recent momentum . **Valuation and Financials** - Market capitalization stands at about ₹2,413 crore . - The stock is trading at roughly 3.9 times its book value, which is considered high for its sector . - Return on capital employed (ROCE) is negative at -9.36%, and return on equity (ROE) is also negative at -9.81% for the latest period, reflecting operational challenges or recent losses . - The company is almost debt-free, which is a positive factor for financial stability . - No dividends have been declared, and the company’s interest coverage ratio is low, suggesting limited ability to cover interest expenses from profits . **Operational Highlights and Risks** - ideaForge operates in the unmanned aircraft systems (UAS) segment, a high-growth and innovative sector . - Promoter holding is relatively low at 29.2%, which may affect investor confidence . - The company’s debtor days and working capital days have increased significantly, indicating potential challenges in cash flow management . - Over the last three years, ROE has averaged just 0.86%, highlighting weak profitability . **Recent Price Action** - After a sharp rally from ₹360 in early May to over ₹530 by the end of the month, the stock has stabilized in the ₹528–₹559 range in early June . - Trading volumes have been high during this period, suggesting increased investor interest and possible speculative activity . **Summary** ideaForge Technology Ltd has shown strong recent price momentum but faces fundamental challenges, including negative returns, high valuation relative to book value, and growing working capital requirements. The company’s debt-free status and position in a high-potential industry are positives, but weak profitability and low promoter holding are key risks. Investors should monitor operational improvements and cash flow management before considering long-term positions .
NSE:IDEAFORGELong
by KamalKJoshi
Ideaforge Drones are ready to fly. "create. inspire" - UpdatedPosted at 646 now 560 can do average - appx avg will be 600. or hold as it is with good upmove. Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:IDEAFORGELong
by Alleyshah
Ideaforge: Bullish Trend Ahead Amid India-Pakistan Tensions?Hey Everyone! Ideaforge just broke out from a double bottom chart Pattern Neckline , and it looks like a potential trend reversal is in motion. With the breakout confirmed by a volume surge , it seems that smart money might be entering, which is a positive sign for the stock. The technical setup is strong, but let’s dive deeper into the fundamentals to get a clearer picture. While Ideaforge faces challenges like limited profitability in the past, its future outlook looks promising. The company holds a strong position in India’s drone industry, and 92% of its revenue comes from defense contracts, making it heavily reliant on government spending. Recent developments like drones being used in India-Pakistan border tensions have brought Ideaforge’s technology to the forefront, creating a positive sentiment shift in the market. This real-time application in national security could significantly boost its future growth, especially with the rise in demand for advanced drone technology in defense. For entry, Stop loss and Target check Chart above! Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you found this helpful, don’t forget to like, share, and drop your thoughts in the comments below!
NSE:IDEAFORGELong
by TraderRahulPal
2
IDEAFORGE: Trendline breakout for bullish run.A single-line resistance trendline will be tested again. This time, the RSI has given the breakout and is nearing the 50 mark, signalling bullish sentiment. Upside targets are 535, 587. Entry on breakout of trendline and breach of high at around 464. The rejection of this trendline, which is less likely to happen as of now, will take the price back to the low of 304. Keeping the current geopolitical issues in mind, defence stocks are likely to be in demand.
NSE:IDEAFORGELong
by AbsoluteAnalytics
Ideaforge Drones are ready to fly. "create. inspire"Hello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock which is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). . It looks at bottom near to its IPO price and ready to change trend. Ideaforge is the name of the stock. CMP is 646. Its all time low is 535 and all time high is 1344. Strong support at 550. Strong Resistance at 700 to 740. If it breaks then Upside target as per Fibbo 850, 950, 1050, 1150 and 1350. Just an assumption. Please do you research. Not a suggestion of buying. Source: Screener.in Ideaforge Technology Ltd About  Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). Key Points  Business Profile The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications. Product Portfolio A) Hardware- includes UAVs, payloads, batteries, chargers, and communication systems. B) Software and embedded sub-system- includes GCS software, which enables controlling and management of their UAVs, and autopilot sub-system, which enables remote control and autonomous completion of flights. C) Solutions- enables industry/application-specific software that enhances the value of their UAVs to the end customer. Product Application IdeaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders. Manufacturing Facility Co. manufactures all products in-house from their manufacturing facility at Navi Mumbai, Maharashtra. The manufacturing facility spans 21,000 sq. ft. of licensed premises and has three floors, which include a store area, testing areas, and production lines. IdeaForge has two main software: A) BlueFire Live!: It enables secure and live streaming of UAV video feed and allows payload control from a remote command location. B) BlueFire Touch: is a Ground Control Software (GCS). It is built to plan and command mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation. Market Leader The company is a market leader in the Indian Unmanned Aircraft Systems market with a market share of ~50% in FY22 and ranked #1 in India. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping on average. Rankings The company has been ranked 5th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024. Operational Metrics 420,000+ - Flights completed by its customers 60,000+ - Flights launched in FY24 66 - Patent Pending + Granted Extensive Offerings They have a broad range of products with feature-based differentiation such as weight class (approximately 2-7 kg), endurance class (25-120 minutes flying time), take-off altitude range (up to 6,000 meters), communication range (approximately 2-15 km), payload types, etc. Revenue Bifurcation - Service wise - 9MFY24 Civil - 9% Defense - 92% New Product Development - Development started for the middle mile logistics platform - Innovative 4G/5G solution for drone communication - Prototyping of Tactical UAV platform in advance stages Increase in Workforce Co. has significantly expanded its Product Development team across all levels to support current and future product roadmap, with 72% increase in team size compared to June 30, 2023 Working Capital Intensive Operations persist in requiring significant working capital, with inventory levels ranging from 220 to 280 days and debtors ranging from 75 to 125 days. Since the group’s customers include government bodies the Cash Conversion Cycle is expected to remain high. IPO Details Co. has raised 567 Crs through the IPO and is over-subscribed by 106 times and will get listed on July 10, 2023. The fresh issue will be utilized for: A) Repayment of Borrowings B) Funding working capital requirements, C) Investment in product development, D) General corporate purposes. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:IDEAFORGELong
by Alleyshah
Breakout in IdeaForge Techno Ltd.?IdeaForge Techno Ltd. has given a breakout with strong volume. Previously, it was trading in a box pattern since mid-October 2024 with support and resistance levels of 577 and 625 respectively. The resistance level of 625 was broken and trading around 646. 20 EMA (Black line) has to traverse above the 50 EMA (Orange line), in order to confirm the bullish trend. We have seen spurt in volume in the last few sessions, however, on weekly chart the 20 EMA (Black line) has to traverse above the 50 EMA (Orange line). Resistance levels: 661, 713, 790, 864 Support levels: 625, 577
NSE:IDEAFORGELong
by shanmurali
short term trading opportunity in Ideaforge for > 20% upsideHi, NSE:IDEAFORGE has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:IDEAFORGELong
by raigvivek
2
IDEAFORGE - Long SetupNSE:IDEAFORGE Falling Wedge Pattern: A falling wedge pattern is characterized by two converging trend lines that slope downwards, with the price moving between these lines. Features: Shape: The pattern is formed by two downward-sloping trend lines. The upper trend line connects the highs, and the lower trend line connects the lows of the price action. These lines converge, forming a wedge. Volume: During the formation of the falling wedge, trading volume typically decreases. This indicates a consolidation phase. Duration: The falling wedge can develop over various time frames, from a few weeks to several months. Longer patterns are generally considered more significant. Trend Context: Continuation Pattern: In an uptrend, a falling wedge can act as a continuation pattern, indicating a temporary pullback before the uptrend resumes. Reversal Pattern: In a downtrend, a falling wedge can signal a potential reversal, suggesting that the downtrend may be coming to an end and a bullish trend might follow. Key Points to Remember 1. The falling wedge is considered a bullish pattern, whether it appears as a continuation in an uptrend or as a reversal in a downtrend. 2. The breakout should be confirmed with increased volume and other technical indicators. 3. The pattern's reliability increases with the duration and the number of touches on the trend lines. ------------------------------------------------------------------------------------------------ Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IDEAFORGELong
by Sandeep_Aggarwal