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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 2024-07-29 View latest technical analysis

10 day averaged volume of Indian Metals is 92367

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	723.90	752.00	753.45	719.45	0.936 times
26 Fri Jul 2024	746.45	735.00	754.30	732.45	0.929 times
25 Thu Jul 2024	732.45	709.00	745.00	695.25	0.848 times
24 Wed Jul 2024	719.80	710.00	724.75	708.30	0.408 times
23 Tue Jul 2024	720.45	700.50	725.35	670.05	1.007 times
22 Mon Jul 2024	700.25	694.00	727.80	689.90	1.196 times
19 Fri Jul 2024	701.50	718.50	723.50	697.05	1.343 times
18 Thu Jul 2024	718.05	725.00	727.20	715.10	0.919 times
16 Tue Jul 2024	725.00	745.00	746.55	721.05	1.277 times
15 Mon Jul 2024	738.85	728.15	750.00	720.05	1.058 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 717.3 as stoploss in an intra day buy trade for a target of 730.82. However, stock will show a bearish move below 717.3.

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	719.45
Upside Target	750.00
Upside Target	758.70
Upside Target	760.00
Upside Target	765.00
Upside Target	768.00
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	711.08
Downside Intraday Target	698.27
Upside Intraday Target	745.08
Upside Intraday Target	766.27
Upside Intraday Target	732.27

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	723.90	752.00	753.45	719.45	0.213 times
26 Fri Jul 2024	746.45	694.00	754.30	670.05	0.955 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

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
29 Mon Jul 2024	723.90	749.30	760.00	670.05	0.198 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Indian Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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

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 721.53 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 negative.

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