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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 2024-05-31 View latest technical analysis

10 day averaged volume of Indian Metals is 293518

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	690.70	696.50	703.65	678.20	0.311 times
30 Thu May 2024	693.90	710.00	710.00	690.10	0.362 times
29 Wed May 2024	708.90	713.65	717.30	706.20	0.31 times
28 Tue May 2024	718.90	728.10	728.60	712.00	0.315 times
27 Mon May 2024	725.35	732.00	740.20	707.20	0.772 times
24 Fri May 2024	730.60	703.00	739.65	701.95	1.821 times
23 Thu May 2024	710.00	738.90	765.00	700.50	3.736 times
22 Wed May 2024	732.85	738.80	742.95	716.25	0.325 times
21 Tue May 2024	735.70	740.75	748.00	723.15	1.714 times
18 Sat May 2024	740.75	725.00	744.00	723.95	0.273 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 686.5 as stoploss in an intra day buy trade for a target of 708.06. However, stock will show a bearish move below 686.5.

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	740.20
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	665.87
Downside Intraday Target	641.03
Upside Intraday Target	727.87
Upside Intraday Target	765.03
Upside Intraday Target	703.03

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	690.70	732.00	740.20	678.20	0.273 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
31 Fri May 2024	690.70	742.00	765.00	642.70	0.492 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Indian Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 720.05 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 has given negative 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.