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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 2024-05-23 View latest technical analysis

10 day averaged volume of Indian Metals is 147216

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	710.00	738.90	765.00	700.50	7.449 times
22 Wed May 2024	732.85	738.80	742.95	716.25	0.647 times
21 Tue May 2024	735.70	740.75	748.00	723.15	3.416 times
18 Sat May 2024	740.75	725.00	744.00	723.95	0.545 times
17 Fri May 2024	721.70	709.80	734.90	704.00	0.742 times
16 Thu May 2024	703.65	708.45	719.70	697.35	0.53 times
15 Wed May 2024	705.40	707.35	715.05	699.15	0.43 times
14 Tue May 2024	708.65	680.55	712.20	678.90	0.772 times
13 Mon May 2024	680.30	663.05	688.85	642.70	0.905 times
10 Fri May 2024	662.25	663.00	671.40	644.60	0.699 times

Stock of Indian Metals (IMFA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 690.9 or till 662.5. Use a stoploss of 714.65 and if the stock hits stoploss, then it can shoot up till 738.36

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	664.95
Upside Target	719.05
Upside Target	740.75
Upside Target	744.00
Upside Target	750.00
Upside Target	752.85
Upside Target	765.00
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	685.33
Downside Intraday Target	660.67
Upside Intraday Target	749.83
Upside Intraday Target	789.67
Upside Intraday Target	725.17

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	710.00	740.75	765.00	700.50	2.935 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indian Metals (IMFA)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	710.00	742.00	765.00	642.70	0.368 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining momentum.

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

Indian Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Indian Metals in short term but SELL signal is weak.

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 713.8 and Indian Metals (IMFA) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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