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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 2024-08-07 View latest technical analysis

10 day averaged volume of Indian Metals is 116836

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	688.65	675.00	693.00	667.60	0.309 times
06 Tue Aug 2024	662.80	676.10	690.40	659.00	0.523 times
05 Mon Aug 2024	665.20	686.00	701.30	659.00	1.123 times
02 Fri Aug 2024	703.15	710.00	713.25	700.05	0.547 times
01 Thu Aug 2024	717.85	745.15	748.90	712.05	0.887 times
31 Wed Jul 2024	738.05	696.50	752.00	696.50	2.62 times
30 Tue Jul 2024	696.40	719.00	722.45	694.00	1.832 times
29 Mon Jul 2024	723.90	752.00	753.45	719.45	0.74 times
26 Fri Jul 2024	746.45	735.00	754.30	732.45	0.735 times
25 Thu Jul 2024	732.45	709.00	745.00	695.25	0.67 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 692, but if it comes above 692, then a intra day buy could be more profitable.
If you take a sell trade below 692, then use 692 as stoploss and 664.5 as target. However if you take a buy trade in stock , then use 692 as stoploss and 715.02 as target.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	640.40
Downside Target	659.00
Upside Target	694.00
Upside Target	720.00
Upside Target	748.90
Upside Target	753.45
Upside Target	754.30
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	664.67
Downside Intraday Target	640.68
Upside Intraday Target	706.97
Upside Intraday Target	725.28
Downside Intraday Target	682.98

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	688.65	686.00	701.30	659.00	0.295 times
02 Fri Aug 2024	703.15	752.00	753.45	694.00	1.91 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

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
07 Wed Aug 2024	688.65	745.15	748.90	659.00	0.179 times
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

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 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 Strong and stock is losing momentum.

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

Indian Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 712.24 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.