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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 2024-06-12 View latest technical analysis

10 day averaged volume of Indian Metals is 577599

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	791.95	862.55	862.55	788.00	2.614 times
11 Tue Jun 2024	862.55	752.60	880.00	750.30	5.828 times
10 Mon Jun 2024	747.85	744.85	784.50	744.85	0.914 times
07 Fri Jun 2024	736.10	727.00	740.00	715.00	0.28 times
06 Thu Jun 2024	727.45	715.00	733.10	697.20	0.513 times
05 Wed Jun 2024	690.60	622.00	712.00	622.00	0.59 times
04 Tue Jun 2024	612.85	710.00	711.00	587.05	1.092 times
03 Mon Jun 2024	713.95	718.95	730.00	710.00	0.284 times
31 Fri May 2024	690.70	696.50	703.65	678.20	0.158 times
30 Thu May 2024	693.90	710.00	710.00	690.10	0.184 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 bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 770.4, but if it comes below 770.4, then a intra day sell could be more profitable.
If you take a sell trade below 770.4, then use 770.4 as stoploss and 724.82 as target. However if you take a buy trade in stock , then use 770.4 as stoploss and 825.1 as target.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	523.00
Downside Target	569.55
Downside Target	587.05
Downside Target	640.40
Downside Target	664.95
Downside Target	700.50
Downside Target	740.00
Downside Target	744.85
Downside Target	765.00
Downside Target	768.00
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	731.2
Downside Intraday Target	670.45
Upside Intraday Target	866.35
Upside Intraday Target	940.75
Upside Intraday Target	805.6

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	791.95	744.85	880.00	744.85	3.392 times
07 Fri Jun 2024	736.10	718.95	740.00	587.05	2.622 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

Price has moved up 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
12 Wed Jun 2024	791.95	718.95	880.00	587.05	1.549 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, and volume has increased substantially. This means that the move can 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 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 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 BUY signal for Indian Metals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above 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

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 792.83 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 positive

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