IdeaForge Technology Ltd (IDEAFORGE), a prominent company in the Technology sector, operates within the Computer Hardware industry and is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In this comprehensive analysis, we will delve into IDEAFORGE’s share price targets for 2024, 2025, 2026, and extend our forecast up to 2030. Using technical analysis and machine learning approaches, we will predict the potential price targets while considering the company’s historical performance, current market position, and future growth trajectory.
IDEAFORGE Performance Overview
Current Performance
As of 28th November 2024, shares of IDEAFORGE closed at ₹574, which reflects a gain of ₹2.35 from its previous close of ₹571.65. The stock has exhibited mixed trends over the past week, with slight fluctuations indicating potential opportunities for short-term trading.
Historical Performance
| Date | Closing Price | Gain/Loss |
|---|---|---|
| 20th Nov 2024 | ₹586.85 | ₹0.00 (0.00%) |
| 21st Nov 2024 | ₹568.10 | -₹18.75 (-3.20%) |
| 22nd Nov 2024 | ₹567.85 | -₹0.25 (-0.04%) |
| 25th Nov 2024 | ₹573.55 | ₹5.70 (1.00%) |
| 26th Nov 2024 | ₹569.40 | -₹4.15 (-0.72%) |
| 27th Nov 2024 | ₹571.65 | ₹2.25 (0.40%) |
| 28th Nov 2024 | ₹574.00 | ₹2.35 (0.41%) |
Short-Term Outlook
With the last three trading days showing positive trends, IDEAFORGE is expected to continue its bullish momentum tomorrow. These observations may help traders make more informed swing trading decisions for 2025 and potentially long-term strategies up to 2030.
IDEAFORGE Share Price Target for 2024
In the remaining two months of 2024, IDEAFORGE is anticipated to reach a price target of ₹597.65, assuming favorable overall market conditions.
| Month | Target |
|---|---|
| November 2024 | ₹581.40 |
| December 2024 | ₹597.65 |
IDEAFORGE Share Price Target for 2025
IDEAFORGE is projected to start 2025 with a price target of ₹610 and may climb steadily throughout the year, with a bullish trend potentially driving the stock to ₹799.65 by December 2025.
| Month | Target |
|---|---|
| January 2025 | ₹610.00 |
| February 2025 | ₹626.11 |
| March 2025 | ₹642.35 |
| April 2025 | ₹661.94 |
| May 2025 | ₹677.20 |
| June 2025 | ₹692.91 |
| July 2025 | ₹709.31 |
| August 2025 | ₹724.29 |
| September 2025 | ₹742.18 |
| October 2025 | ₹761.85 |
| November 2025 | ₹777.91 |
| December 2025 | ₹799.65 |
Summary of 2025 Forecast
- Initial Target: ₹610.00
- Mid-Year Target: ₹692.91
- Year-End Target: ₹799.65
IDEAFORGE Share Price Target for 2026
Technical analysis suggests that IDEAFORGE could reach a minimum of ₹816.18 and potentially rise to ₹1,069.93 by the end of 2026, depending on market trends and external factors.
| Month | Target |
|---|---|
| January 2026 | ₹816.18 |
| February 2026 | ₹837.73 |
| March 2026 | ₹859.46 |
| April 2026 | ₹885.68 |
| May 2026 | ₹906.09 |
| June 2026 | ₹927.11 |
| July 2026 | ₹949.05 |
| August 2026 | ₹969.09 |
| September 2026 | ₹993.04 |
| October 2026 | ₹1,019.35 |
| November 2026 | ₹1,040.84 |
| December 2026 | ₹1,069.93 |
Summary of 2026 Forecast
- Initial Target: ₹816.18
- Mid-Year Target: ₹927.11
- Year-End Target: ₹1,069.93
IDEAFORGE Share Price Targets for 2027–2030
By employing Fibonacci projections and analyzing historical trends, IDEAFORGE’s price targets for 2027 to 2030 reveal strong upward momentum.
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2027 | ₹1,092.04 | ₹1,240.47 | ₹1,431.56 |
| 2028 | ₹1,461.15 | ₹1,659.74 | ₹1,915.41 |
| 2029 | ₹1,955.00 | ₹2,220.72 | ₹2,562.81 |
| 2030 | ₹2,615.78 | ₹2,971.30 | ₹3,429.02 |
Final Thoughts
This detailed forecast of IDEAFORGE’s share price targets from 2024 to 2030 highlights a promising growth trajectory based on technical analysis and historical data. While these projections indicate potential for substantial returns, it is crucial to remember that market conditions and unforeseen factors can significantly impact stock performance. Investors should consider these predictions as guidelines and perform thorough research or consult financial advisors before making investment decisions.
Disclaimer: The projections shared in this article are based on technical analysis and should not be considered financial advice. The stock market is dynamic and influenced by various factors that may not align with these predictions.