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 2024-06-28 View latest technical analysis

10 day averaged volume of Indian Metals is 146582

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	742.45	753.70	755.00	738.30	0.402 times
27 Thu Jun 2024	741.75	756.10	762.80	732.85	0.626 times
26 Wed Jun 2024	755.95	761.10	765.70	750.65	0.632 times
25 Tue Jun 2024	758.70	784.00	786.50	744.55	0.937 times
24 Mon Jun 2024	781.25	809.90	809.90	778.00	0.509 times
21 Fri Jun 2024	795.05	798.80	810.50	789.10	0.762 times
20 Thu Jun 2024	791.65	814.95	815.90	789.00	0.903 times
19 Wed Jun 2024	806.20	776.00	817.90	761.40	2.883 times
18 Tue Jun 2024	770.25	781.85	785.00	766.00	0.656 times
14 Fri Jun 2024	777.55	792.55	796.40	775.00	0.9 times

My analysis of stock is bearish for shortterm, and stock might move down till 702.9 or till 641.1. Use a stoploss of 754.36 and if the stock hits stoploss, then it can shoot up till 805.84

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	713.57
Downside Intraday Target	684.68
Upside Intraday Target	790.62
Upside Intraday Target	838.78
Upside Intraday Target	761.73

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	742.45	809.90	809.90	732.85	0.597 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
28 Fri Jun 2024	742.45	718.95	880.00	587.05	1.887 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 but buying is losing 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 781.67 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.