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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 2024-05-18 View latest technical analysis

10 day averaged volume of Indian Metals is 114027

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	740.75	725.00	744.00	723.95	0.703 times
17 Fri May 2024	721.70	709.80	734.90	704.00	0.957 times
16 Thu May 2024	703.65	708.45	719.70	697.35	0.684 times
15 Wed May 2024	705.40	707.35	715.05	699.15	0.555 times
14 Tue May 2024	708.65	680.55	712.20	678.90	0.996 times
13 Mon May 2024	680.30	663.05	688.85	642.70	1.168 times
10 Fri May 2024	662.25	663.00	671.40	644.60	0.902 times
09 Thu May 2024	663.00	702.05	710.05	660.10	1.697 times
08 Wed May 2024	706.10	706.25	717.45	694.25	0.731 times
07 Tue May 2024	699.75	723.00	727.00	692.20	1.038 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 734, but if it comes below 734, then a intra day sell could be more profitable.
If you take a sell trade below 734, then use 734 as stoploss and 709.72 as target. However if you take a buy trade in stock , then use 734 as stoploss and 763.1 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	719.05
Downside Target	722.50
Downside Target	740.75
Upside Target	744.00
Upside Target	750.00
Upside Target	752.85
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	674.3
Downside Intraday Target	607.85
Upside Intraday Target	775.6
Upside Intraday Target	810.45
Downside Intraday Target	709.15

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	740.75	663.05	744.00	642.70	0.898 times
10 Fri May 2024	662.25	750.00	750.00	644.60	0.751 times
03 Fri May 2024	738.35	725.00	752.85	719.05	0.972 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

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
18 Sat May 2024	740.75	742.00	752.85	642.70	0.183 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 694.47 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.