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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 2024-07-23 View latest technical analysis

10 day averaged volume of Indian Metals is 97406

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	720.45	700.50	725.35	670.05	0.955 times
22 Mon Jul 2024	700.25	694.00	727.80	689.90	1.134 times
19 Fri Jul 2024	701.50	718.50	723.50	697.05	1.274 times
18 Thu Jul 2024	718.05	725.00	727.20	715.10	0.871 times
16 Tue Jul 2024	725.00	745.00	746.55	721.05	1.211 times
15 Mon Jul 2024	738.85	728.15	750.00	720.05	1.003 times
12 Fri Jul 2024	732.85	735.00	749.00	725.05	0.962 times
11 Thu Jul 2024	740.15	731.10	742.95	723.30	0.486 times
10 Wed Jul 2024	728.55	754.45	755.95	721.05	0.917 times
09 Tue Jul 2024	747.40	737.00	758.70	720.00	1.483 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 719.4 as stoploss in an intra day buy trade for a target of 734.64. However, stock will show a bearish move below 719.4.

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	697.05
Downside Target	720.00
Upside Target	750.00
Upside Target	760.00
Upside Target	765.00
Upside Target	768.00
Upside Target	809.90
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	684.4
Downside Intraday Target	648.35
Upside Intraday Target	742.15
Upside Intraday Target	763.85
Downside Intraday Target	706.1

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	720.45	694.00	727.80	670.05	0.479 times
19 Fri Jul 2024	701.50	728.15	750.00	697.05	0.967 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

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
23 Tue Jul 2024	720.45	749.30	760.00	670.05	0.164 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Indian Metals in short term and the sell 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 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 in or above the red 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 and the buying is gaining 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 724.7 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.