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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 2024-07-15 View latest technical analysis

10 day averaged volume of Indian Metals is 77157

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	738.85	728.15	750.00	720.05	1.266 times
12 Fri Jul 2024	732.85	735.00	749.00	725.05	1.215 times
11 Thu Jul 2024	740.15	731.10	742.95	723.30	0.613 times
10 Wed Jul 2024	728.55	754.45	755.95	721.05	1.157 times
09 Tue Jul 2024	747.40	737.00	758.70	720.00	1.872 times
08 Mon Jul 2024	735.15	726.00	741.85	726.00	0.832 times
05 Fri Jul 2024	736.35	744.00	744.00	733.00	0.553 times
04 Thu Jul 2024	739.25	744.00	746.95	737.05	0.713 times
03 Wed Jul 2024	740.20	740.40	752.00	737.60	0.788 times
02 Tue Jul 2024	737.45	752.00	752.40	735.00	0.905 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 731.2 as stoploss in an intra day buy trade for a target of 753.59. However, stock will show a bearish move below 731.2.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	523.00
Downside Target	587.05
Downside Target	640.40
Downside Target	668.00
Downside Target	720.00
Upside Target	750.00
Upside Target	760.00
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	722.6
Downside Intraday Target	706.35
Upside Intraday Target	752.55
Upside Intraday Target	766.25
Downside Intraday Target	736.3

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	738.85	728.15	750.00	720.05	0.223 times
12 Fri Jul 2024	732.85	726.00	758.70	720.00	1.32 times
05 Fri Jul 2024	736.35	749.30	760.00	733.00	0.731 times
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

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
15 Mon Jul 2024	738.85	749.30	760.00	720.00	0.102 times
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

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 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 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 to mid 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 mid to longer 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.

ADX buy sell signal for Indian Metals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Indian Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Indian Metals in short term but BUY 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

Although the stock is in the SELL zone, but selling 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 738.17 and Indian Metals (IMFA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.