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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 2024-08-13 View latest technical analysis

10 day averaged volume of Indian Metals is 104769

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	676.40	695.90	695.90	675.70	0.176 times
12 Mon Aug 2024	689.65	694.95	700.00	682.20	0.497 times
09 Fri Aug 2024	686.20	695.50	700.00	677.75	0.441 times
08 Thu Aug 2024	694.70	693.60	699.45	688.75	0.318 times
07 Wed Aug 2024	688.65	675.00	693.00	667.60	0.344 times
06 Tue Aug 2024	662.80	676.10	690.40	659.00	0.583 times
05 Mon Aug 2024	665.20	686.00	701.30	659.00	1.252 times
02 Fri Aug 2024	703.15	710.00	713.25	700.05	0.61 times
01 Thu Aug 2024	717.85	745.15	748.90	712.05	0.99 times
31 Wed Jul 2024	738.05	696.50	752.00	696.50	2.922 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 682.6, but if it comes above 682.6, then a intra day buy could be more profitable.
If you take a sell trade below 682.6, then use 682.6 as stoploss and 655.3 as target. However if you take a buy trade in stock , then use 682.6 as stoploss and 705.35 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	748.90
Upside Target	750.00
Upside Target	753.45
Upside Target	754.30
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	668.07
Downside Intraday Target	659.73
Upside Intraday Target	692.37
Upside Intraday Target	708.33
Upside Intraday Target	684.03

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	676.40	694.95	700.00	675.70	0.229 times
09 Fri Aug 2024	686.20	686.00	701.30	659.00	0.398 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

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
13 Tue Aug 2024	676.40	745.15	748.90	659.00	0.247 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 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 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 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 gaining 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 coming down

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

Stock of Indian Metals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 705.48 and Indian Metals (IMFA) stock is trading below this level. This means that stock is falling with high volumes. 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 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.