#IDEAFORGE has demonstrated resilience by maintaining levels above its 52-week lows.
Recommendation:
Buy @ 690 with the following targets:
Short-term: 710, 765, 810 & 900++
Positional: 800, 925, 1075, 1400++
Key Points:
Growth Potential: Idea Forge Techno operates in the burgeoning field of unmanned aerial vehicles (UAVs) and defense technology, offering...
I already held a position equivalent to about 0.625% of my net capital, which I entered a few months ago during a period of price consolidation. I had been awaiting either a double bottom formation or the formation of a parallel channel before considering adding to this position. Now, with the emergence of a parallel channel formation, I decided to add another...
Bullish Divergence Setup
Price making lower lows
RSI making higher high
Volume fading
Doji candlestick in daily chart
Disc: for study, not a recommendation
Stock was in a Continuous Down trend.
In the previous week, We can see Bullish Candle with a huge accumulation volume.
Stock is showing a sign of bottom.
Break Away Gap : This week's Monday volume is already more than the previous whole week's volume.
We can take a partial position with a Stop loss of 10 weekly MA.
Pyramid position at close above 887.
Ideaforge is under consolidation after a correction of more than 40% from high. A good company with strong fundamentals and outstanding business module, it can blast any timesoon.
Closing above 840 can show 1050/1160/1280/1400++
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
--Breakout stock
--Base formation
--Reversal time
--big player of drone indudry
--long term
-- short term target blue line
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and...
Had been tracking this stock for a while now and now it hads give a breakout with decent volumes. Will double position size when it further forms a base. Ill keep you updated.
If you want to learn more about these kinds of bases, oiine should check out the interview of Chirag Kedia (swing_ka_sultan on twitter) by Ankur Patel.
The video is extremely...
#IDEAFORGE formed darvas box pattern, there are good buying candles formed inside the box, chances of high reversal. Can be entered on breakout. Its recent IPO can give good momentum in short.
Reversal trade for educational purposes
Ideaforge has been in a downtrend since its listing. However, stock has formed a short term base.
780-840 is a good accumulation zone. Breakout above 840 might be a sign for reversal.
RSI positive divergence is clearlyseen in the stock
Targets can 960, 1000, 1050+ with SL below 780 DCB.
However, there is no guarantee...
