IDEAFORGE - WEALTH DESTROYER ?

2 Mar

The chart speaks for itself, as always.

• This is a prime example of why buying a company solely because it’s "new age" can be a mistake.
  
• Given the widespread adoption of drones, you’d expect a drone manufacturer to perform well.
  
• The stock debuted on the NSE at ₹1,300 per share—a staggering 93.5% premium over its issue price.
  
• At the current market price, 73% of the wealth has been eroded.

What do you think comes next?
A reversal or a continued downtrend?


Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.

11 Nis

Not