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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 2024-05-29 View latest technical analysis

10 day averaged volume of Indian Metals is 287922

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	708.90	713.65	717.30	706.20	0.316 times
28 Tue May 2024	718.90	728.10	728.60	712.00	0.321 times
27 Mon May 2024	725.35	732.00	740.20	707.20	0.787 times
24 Fri May 2024	730.60	703.00	739.65	701.95	1.857 times
23 Thu May 2024	710.00	738.90	765.00	700.50	3.809 times
22 Wed May 2024	732.85	738.80	742.95	716.25	0.331 times
21 Tue May 2024	735.70	740.75	748.00	723.15	1.747 times
18 Sat May 2024	740.75	725.00	744.00	723.95	0.279 times
17 Fri May 2024	721.70	709.80	734.90	704.00	0.379 times
16 Thu May 2024	703.65	708.45	719.70	697.35	0.271 times

My analysis of stock is bearish for shortterm, and stock might move down till 690 or till 662.3. Use a stoploss of 713.05 and if the stock hits stoploss, then it can shoot up till 736.11

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
Downside Target	687.65
Upside Target	740.20
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	696.67
Downside Intraday Target	684.43
Upside Intraday Target	730.67
Upside Intraday Target	752.43
Upside Intraday Target	718.43

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	708.90	732.00	740.20	706.20	0.184 times
24 Fri May 2024	730.60	740.75	765.00	700.50	3.861 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

Price has moved down 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 Wed May 2024	708.90	742.00	765.00	642.70	0.471 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 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 short to mid 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 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.

Indian Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 721.55 and Indian Metals (IMFA) stock is trading below this level. This means that stock is falling with high volumes. 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.