ideaForge Share Price Target 2025: Can Drone Maker Reach ₹750?
ideaForge Technology, a leading Indian drone (UAV) manufacturer, is rebounding from a correction and trading above its 50‑day MA—signs of renewed interest amid sector tailwinds and MoD contract wins.
Company Snapshot
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Sector: UAV manufacturing (defense, surveillance, mapping)
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CMP: ₹488.50 (NSE: IDEAFORGE)
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Market Cap: Approx. ₹2,500 Cr
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52‑Week Range: ₹304.20 – ₹864
Technical Overview (July 24, 2025)
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Daily Trading Price: ~₹488.50
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RSI: ~41 – Neutral / slightly bearish
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Weekly MACD: Bullish crossover
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Technical Rating: Daily charts show “Sell,” weekly outlook is neutral
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Trend Behavior: Holding above 50‑day MA; resistance forming near ₹600
Key Support & Resistance
| Zone | Range (₹) |
|---|---|
| Support | ₹525 – ₹540 |
| Immediate Resist. | ₹580 – ₹600 |
| Major Resist. | ₹720 – ₹864 |
Holding above support and breaking ₹600 could spark a significant rally.
Price Targets for 2025
| Time Horizon | Target Range | Upside from ₹543 |
|---|---|---|
| Short-Term (1–2 mo) | ₹580 – ₹600 | +7% to +11% |
| Mid-Term (3–6 mo) | ₹650 – ₹720 | +20% to +33% |
| Long-Term (By 2025) | ₹750 | +38% |
Technical models and ML forecasts suggest a realistic path to ₹750, assuming breakout and volume follow-through.
Suggested Strategy
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Entry Range: ₹540 – ₹550
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Breakout Watch: Above ₹580 with strong volume
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Targets: ₹600 → ₹720 → ₹750
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Stop-Loss: ₹520 (below support zone)
Risk Factors
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Overhead pressure near ₹600–₹864
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Recent weak Q1 earnings and Q4 performance raise caution
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Sector and regulatory volatility—MoD timelines, drone demand cycles
Summary Table
| Metric | Value |
|---|---|
| CMP | ₹488.50 |
| 2025 Price Target | ₹750 |
| Support | ₹525 – ₹540 |
| Resistance | ₹580 → ₹720 → ₹864 |
| Technical Outlook | Neutral to Bullish |
| Risk Level | Moderate to High |
ideaForge is at a pivotal technical juncture. A weekly MACD bullish crossover combined with sustained above-50‑day MA indicates upside potential. A decisive breakout above ₹580 may reopen the door to the ₹750 level by 2025, backed by UAV demand and domestic defence thrust.
