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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.

Showing technical analysis as on 2024-04-29 View latest technical analysis

10 day averaged volume of Indian Metals is 223687

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	724.90	725.00	737.00	719.05	0.664 times
26 Fri Apr 2024	721.20	737.35	739.00	717.00	0.667 times
25 Thu Apr 2024	737.35	716.95	740.75	705.10	1.09 times
24 Wed Apr 2024	709.70	695.05	715.00	685.55	1.217 times
23 Tue Apr 2024	691.05	683.95	695.00	675.15	0.522 times
22 Mon Apr 2024	679.25	681.95	697.95	675.35	0.44 times
19 Fri Apr 2024	674.90	657.60	694.95	657.60	1.531 times
18 Thu Apr 2024	670.30	695.00	700.45	665.00	0.835 times
16 Tue Apr 2024	685.70	696.05	714.20	682.05	0.951 times
15 Mon Apr 2024	697.65	679.00	722.50	679.00	1.071 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 737.8 as stoploss in an intra day sell trade for a target of 703.77. However, stock will show a bullish move above 737.8.

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	719.05
Downside Target	722.50
Upside Target	737.00
Upside 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	716.97
Downside Intraday Target	709.03
Upside Intraday Target	734.92
Upside Intraday Target	744.93
Upside Intraday Target	726.98

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	724.90	725.00	737.00	719.05	0.169 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
29 Mon Apr 2024	724.90	665.00	768.00	640.40	3.512 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
31 Wed Jan 2024	657.40	500.50	687.65	471.60	2.141 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Indian Metals in short term but the sell signal is initial and weak.

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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 698.89 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 falling down

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.