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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 2024-09-20 View latest technical analysis

10 day averaged volume of Indian Metals is 65984

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	667.30	663.40	678.00	658.65	1.083 times
19 Thu Sep 2024	661.75	669.00	674.10	647.90	0.827 times
18 Wed Sep 2024	666.40	663.15	670.00	655.00	0.708 times
17 Tue Sep 2024	663.10	669.00	676.00	654.80	0.896 times
16 Mon Sep 2024	669.40	643.95	672.00	638.00	1.714 times
13 Fri Sep 2024	637.75	644.75	649.90	618.00	1.081 times
12 Thu Sep 2024	639.75	631.00	654.00	631.00	1.157 times
11 Wed Sep 2024	625.10	645.00	654.10	619.95	1.628 times
10 Tue Sep 2024	641.35	627.20	653.40	627.00	0.751 times
09 Mon Sep 2024	627.20	634.00	639.10	625.00	0.588 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 676.4 as stoploss in an intra day sell trade for a target of 657.29. However, stock will show a bullish move above 676.4.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	618.00
Downside Target	636.30
Upside Target	678.00
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	644.2
Downside Intraday Target	621.1
Upside Intraday Target	684.2
Upside Intraday Target	701.1
Downside Intraday Target	661.1

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	667.30	643.95	678.00	638.00	1.004 times
13 Fri Sep 2024	637.75	634.00	654.10	618.00	1.365 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

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
20 Fri Sep 2024	667.30	670.00	678.00	618.00	0.803 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indian Metals ( (IMFA) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Indian Metals in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indian Metals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 649.95 and Indian Metals (IMFA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.