Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-03 View latest technical analysis

10 day averaged volume of Indian Metals is 291716

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	713.95	718.95	730.00	710.00	0.562 times
31 Fri May 2024	690.70	696.50	703.65	678.20	0.312 times
30 Thu May 2024	693.90	710.00	710.00	690.10	0.364 times
29 Wed May 2024	708.90	713.65	717.30	706.20	0.312 times
28 Tue May 2024	718.90	728.10	728.60	712.00	0.317 times
27 Mon May 2024	725.35	732.00	740.20	707.20	0.777 times
24 Fri May 2024	730.60	703.00	739.65	701.95	1.833 times
23 Thu May 2024	710.00	738.90	765.00	700.50	3.759 times
22 Wed May 2024	732.85	738.80	742.95	716.25	0.327 times
21 Tue May 2024	735.70	740.75	748.00	723.15	1.724 times

My analysis of stock is bullish for shortterm, and stock might move up till 728.9 or till 754.5. Use a stoploss of 707.62 and if this stock hits its stoploss, then it can fall down till 686.3

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	523.00
Downside Target	569.55
Downside Target	640.40
Downside Target	664.95
Downside Target	700.50
Upside Target	730.00
Upside Target	740.20
Upside Target	744.00
Upside Target	750.00
Upside Target	765.00
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	705.97
Downside Intraday Target	697.98
Upside Intraday Target	725.97
Upside Intraday Target	737.98
Upside Intraday Target	717.98

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	713.95	718.95	730.00	710.00	0.27 times
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

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
03 Mon Jun 2024	713.95	718.95	730.00	710.00	0.036 times
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

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 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 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 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 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 weakening, and bulls are picking up momentum!

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 719.16 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.