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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 2024-06-27 View latest technical analysis

10 day averaged volume of Indian Metals is 288378

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	741.75	756.10	762.80	732.85	0.318 times
26 Wed Jun 2024	755.95	761.10	765.70	750.65	0.321 times
25 Tue Jun 2024	758.70	784.00	786.50	744.55	0.476 times
24 Mon Jun 2024	781.25	809.90	809.90	778.00	0.259 times
21 Fri Jun 2024	795.05	798.80	810.50	789.10	0.387 times
20 Thu Jun 2024	791.65	814.95	815.90	789.00	0.459 times
19 Wed Jun 2024	806.20	776.00	817.90	761.40	1.466 times
18 Tue Jun 2024	770.25	781.85	785.00	766.00	0.333 times
14 Fri Jun 2024	777.55	792.55	796.40	775.00	0.457 times
13 Thu Jun 2024	792.30	805.00	805.05	787.05	0.606 times

My analysis of stock is bearish for shortterm, and stock might move down till 698.8 or till 635.1. Use a stoploss of 751.93 and if the stock hits stoploss, then it can shoot up till 805.03

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	732.85
Upside Target	761.40
Upside Target	765.00
Upside Target	768.00
Upside Target	809.90
Upside Target	817.90
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	713.1
Downside Intraday Target	684.45
Upside Intraday Target	790.15
Upside Intraday Target	838.55
Upside Intraday Target	761.5

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	741.75	809.90	809.90	732.85	0.52 times
21 Fri Jun 2024	795.05	781.85	817.90	761.40	0.134 times
14 Fri Jun 2024	777.55	744.85	880.00	744.85	3.585 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

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
27 Thu Jun 2024	741.75	718.95	880.00	587.05	1.873 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 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 neutral. A longer time frame might give a better analysis.

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 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 784.51 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.