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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 2024-09-12 View latest technical analysis

10 day averaged volume of Indian Metals is 51679

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	639.75	631.00	654.00	631.00	1.478 times
11 Wed Sep 2024	625.10	645.00	654.10	619.95	2.079 times
10 Tue Sep 2024	641.35	627.20	653.40	627.00	0.959 times
09 Mon Sep 2024	627.20	634.00	639.10	625.00	0.751 times
06 Fri Sep 2024	638.95	646.00	652.45	636.30	0.828 times
05 Thu Sep 2024	646.70	650.10	652.70	640.85	1.004 times
04 Wed Sep 2024	646.55	648.90	650.35	641.05	0.852 times
03 Tue Sep 2024	650.70	661.75	672.00	646.00	1.42 times
02 Mon Sep 2024	661.65	670.00	670.00	659.80	0.764 times
30 Fri Aug 2024	668.90	673.00	677.40	665.10	0.583 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 641.5, but if it comes above 641.5, then a intra day buy could be more profitable.
If you take a sell trade below 641.5, then use 641.5 as stoploss and 613.6 as target. However if you take a buy trade in stock , then use 641.5 as stoploss and 664.83 as target.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	619.95
Downside Target	636.30
Upside Target	673.75
Upside Target	700.00
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	621.77
Downside Intraday Target	603.78
Upside Intraday Target	655.92
Upside Intraday Target	672.08
Downside Intraday Target	637.93

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	639.75	634.00	654.10	619.95	1.082 times
06 Fri Sep 2024	638.95	670.00	672.00	636.30	0.925 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

Price has moved up 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
12 Thu Sep 2024	639.75	670.00	672.00	619.95	0.447 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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

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 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 641.9 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.