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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 2024-09-05 View latest technical analysis

10 day averaged volume of Indian Metals is 54460

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	646.70	650.10	652.70	640.85	0.952 times
04 Wed Sep 2024	646.55	648.90	650.35	641.05	0.808 times
03 Tue Sep 2024	650.70	661.75	672.00	646.00	1.348 times
02 Mon Sep 2024	661.65	670.00	670.00	659.80	0.725 times
30 Fri Aug 2024	668.90	673.00	677.40	665.10	0.553 times
29 Thu Aug 2024	670.85	675.00	680.00	670.00	0.722 times
28 Wed Aug 2024	673.95	689.00	692.95	671.00	1.514 times
27 Tue Aug 2024	687.10	701.20	705.60	669.55	1.369 times
26 Mon Aug 2024	701.40	705.00	709.10	697.55	0.835 times
23 Fri Aug 2024	698.20	700.50	710.25	695.05	0.92 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 642.3, for a target of 661.4 or 677.37

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	640.85
Upside Target	659.00
Upside Target	700.00
Upside Target	701.30
Upside Target	709.10
Upside Target	712.00
Upside Target	748.90
Upside Target	760.00
Upside Target	765.00
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	634.37
Downside Intraday Target	622.03
Upside Intraday Target	665.52
Upside Intraday Target	684.33
Upside Intraday Target	653.18

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	646.70	670.00	672.00	640.85	0.768 times
30 Fri Aug 2024	668.90	705.00	709.10	665.10	1.051 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

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
05 Thu Sep 2024	646.70	670.00	672.00	640.85	0.178 times
30 Fri Aug 2024	668.90	745.15	748.90	659.00	0.53 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

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 weakening, and bulls are picking up momentum!

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 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 670.86 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.