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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 2024-07-31 View latest technical analysis

10 day averaged volume of Indian Metals is 103282

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	738.05	696.50	752.00	696.50	2.964 times
30 Tue Jul 2024	696.40	719.00	722.45	694.00	2.073 times
29 Mon Jul 2024	723.90	752.00	753.45	719.45	0.837 times
26 Fri Jul 2024	746.45	735.00	754.30	732.45	0.831 times
25 Thu Jul 2024	732.45	709.00	745.00	695.25	0.758 times
24 Wed Jul 2024	719.80	710.00	724.75	708.30	0.365 times
23 Tue Jul 2024	720.45	700.50	725.35	670.05	0.901 times
22 Mon Jul 2024	700.25	694.00	727.80	689.90	1.07 times
19 Fri Jul 2024	701.50	718.50	723.50	697.05	1.201 times
18 Thu Jul 2024	718.05	725.00	727.20	715.10	0.822 times

Stock of Indian Metals (IMFA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 742.6 as stoploss in an intra day sell trade for a target of 728.05. However, stock will show a bullish move above 742.6.

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	694.00
Downside Target	720.00
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	703.55
Downside Intraday Target	669.05
Upside Intraday Target	763
Upside Intraday Target	787.95
Downside Intraday Target	728.5

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	738.05	752.00	753.45	694.00	1.497 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
31 Wed Jul 2024	738.05	749.30	760.00	670.05	0.259 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting tired and bears 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 buy signal for Indian Metals in short term and BUY 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 719.55 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 rising upwards.

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 is giving positive 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.