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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 2024-08-29 View latest technical analysis

10 day averaged volume of Indian Metals is 55590

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	670.85	675.00	680.00	670.00	0.707 times
28 Wed Aug 2024	673.95	689.00	692.95	671.00	1.484 times
27 Tue Aug 2024	687.10	701.20	705.60	669.55	1.341 times
26 Mon Aug 2024	701.40	705.00	709.10	697.55	0.818 times
23 Fri Aug 2024	698.20	700.50	710.25	695.05	0.901 times
22 Thu Aug 2024	698.05	682.10	712.00	680.40	1.182 times
21 Wed Aug 2024	682.10	683.05	685.45	673.80	0.737 times
20 Tue Aug 2024	682.15	685.55	685.80	677.05	0.661 times
19 Mon Aug 2024	679.10	676.85	692.95	673.75	1.175 times
16 Fri Aug 2024	676.85	677.00	689.80	661.00	1.185 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 672.1, but if it comes above 672.1, then a intra day buy could be more profitable.
If you take a sell trade below 672.1, then use 672.1 as stoploss and 655.9 as target. However if you take a buy trade in stock , then use 672.1 as stoploss and 685.53 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	709.10
Upside Target	712.00
Upside Target	748.90
Upside Target	753.45
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	657.23
Downside Intraday Target	643.62
Upside Intraday Target	696.78
Upside Intraday Target	722.72
Upside Intraday Target	683.17

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	670.85	705.00	709.10	669.55	0.934 times
23 Fri Aug 2024	698.20	676.85	712.00	673.75	1.569 times
16 Fri Aug 2024	676.85	694.95	700.00	661.00	0.536 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

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 Thu Aug 2024	670.85	745.15	748.90	659.00	0.517 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 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 to mid 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 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 BUY signal for Indian Metals in short term but the buy signal is initial and weak.

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. 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 SELL signal in short term but selling is losing 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 684.66 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.