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(IMFA) Indian Metals complete technical analysis [charts+indicators] | Buy/Sell Indian Metals | (IMFA) share price targets

Complete technical analysis of Indian Metals (IMFA) by charts plus indicators, forecast predictions and share price targets for Indian Metals (IMFA)

Indian Metals trades in NSE in Iron & Steel sector.

10 day averaged volume of Indian Metals is 201831

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	745.90	742.00	749.80	732.40	1.384 times
30 Tue Apr 2024	732.40	734.35	745.20	727.55	1.225 times
29 Mon Apr 2024	724.90	725.00	737.00	719.05	0.736 times
26 Fri Apr 2024	721.20	737.35	739.00	717.00	0.739 times
25 Thu Apr 2024	737.35	716.95	740.75	705.10	1.208 times
24 Wed Apr 2024	709.70	695.05	715.00	685.55	1.349 times
23 Tue Apr 2024	691.05	683.95	695.00	675.15	0.578 times
22 Mon Apr 2024	679.25	681.95	697.95	675.35	0.488 times
19 Fri Apr 2024	674.90	657.60	694.95	657.60	1.697 times
18 Thu Apr 2024	670.30	695.00	700.45	665.00	0.925 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 742.1, but if it comes below 742.1, then a intra day sell could be more profitable.
If you take a sell trade below 742.1, then use 742.1 as stoploss and 713.37 as target. However if you take a buy trade in stock , then use 742.1 as stoploss and 776.6 as target.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	471.60
Downside Target	523.00
Downside Target	569.55
Downside Target	640.40
Downside Target	657.60
Downside Target	705.35
Downside Target	732.40
Downside Target	740.75
Upside Target	749.80
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	726.7
Downside Intraday Target	707.5
Upside Intraday Target	757.45
Upside Intraday Target	769
Downside Intraday Target	738.25

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	745.90	725.00	749.80	719.05	0.767 times
26 Fri Apr 2024	721.20	681.95	740.75	675.15	0.897 times
19 Fri Apr 2024	674.90	679.00	722.50	657.60	0.491 times
12 Fri Apr 2024	722.25	736.65	768.00	705.35	0.406 times
05 Fri Apr 2024	737.15	665.00	749.80	640.40	5.708 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indian Metals (IMFA)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	745.90	742.00	749.80	732.40	0.03 times
30 Tue Apr 2024	732.40	665.00	768.00	640.40	3.609 times
28 Thu Mar 2024	639.60	612.20	668.00	523.00	0.645 times
29 Thu Feb 2024	609.50	661.70	664.95	569.55	0.456 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indian Metals (IMFA)

Price action analysis of Indian Metals ( (IMFA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indian Metals ( (IMFA) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Indian Metals ( (IMFA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indian Metals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indian Metals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indian Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Indian Metals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Indian Metals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 710.65 and Indian Metals (IMFA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Indian Metals (IMFA) stock. Volume based technical analysis of Indian Metals (IMFA) stock is negative.

Indian Metals Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.