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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 2024-06-04 View latest technical analysis

10 day averaged volume of Indian Metals is 300081

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	612.85	710.00	711.00	587.05	2.102 times
03 Mon Jun 2024	713.95	718.95	730.00	710.00	0.546 times
31 Fri May 2024	690.70	696.50	703.65	678.20	0.304 times
30 Thu May 2024	693.90	710.00	710.00	690.10	0.354 times
29 Wed May 2024	708.90	713.65	717.30	706.20	0.304 times
28 Tue May 2024	718.90	728.10	728.60	712.00	0.308 times
27 Mon May 2024	725.35	732.00	740.20	707.20	0.756 times
24 Fri May 2024	730.60	703.00	739.65	701.95	1.782 times
23 Thu May 2024	710.00	738.90	765.00	700.50	3.654 times
22 Wed May 2024	732.85	738.80	742.95	716.25	0.318 times

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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 638, for a target of 673.6 or 703.28

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	523.00
Downside Target	569.55
Downside Target	587.05
Upside Target	640.40
Upside Target	664.95
Upside 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	556.6
Downside Intraday Target	500.35
Upside Intraday Target	699.55
Upside Intraday Target	786.25
Upside Intraday Target	643.3

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	612.85	718.95	730.00	587.05	1.308 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 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
04 Tue Jun 2024	612.85	718.95	730.00	587.05	0.176 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 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 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 Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 695.07 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 negative.

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