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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 2024-10-22 View latest technical analysis

10 day averaged volume of Indian Metals is 89845

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	650.90	680.00	680.80	646.00	0.801 times
21 Mon Oct 2024	680.80	693.30	693.35	673.90	0.69 times
18 Fri Oct 2024	693.35	703.00	703.00	684.90	0.698 times
17 Thu Oct 2024	703.90	718.00	721.25	700.05	0.855 times
16 Wed Oct 2024	717.85	722.00	732.40	715.05	2.078 times
15 Tue Oct 2024	717.60	721.00	724.20	707.70	1.168 times
14 Mon Oct 2024	715.05	710.95	719.90	697.20	1.068 times
11 Fri Oct 2024	706.75	695.00	715.00	687.65	1.566 times
10 Thu Oct 2024	689.00	690.20	695.00	677.15	0.561 times
09 Wed Oct 2024	687.00	698.00	698.50	682.95	0.605 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 647.3, for a target of 670.7 or 690.2

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	618.00
Downside Target	646.00
Upside Target	684.90
Upside Target	700.00
Upside Target	719.90
Upside Target	728.10
Upside Target	732.40
Upside Target	748.90
Upside Target	760.00
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	633.48
Downside Intraday Target	616.07
Upside Intraday Target	680.83
Upside Intraday Target	710.77
Upside Intraday Target	663.42

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	650.90	693.30	693.35	646.00	0.254 times
18 Fri Oct 2024	693.35	710.95	732.40	684.90	0.97 times
11 Fri Oct 2024	706.75	706.60	728.10	661.45	0.58 times
04 Fri Oct 2024	703.35	676.00	719.90	667.40	1.654 times
27 Fri Sep 2024	672.30	667.30	688.50	657.20	1.642 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
22 Tue Oct 2024	650.90	703.00	732.40	646.00	1.083 times
30 Mon Sep 2024	696.80	670.00	700.00	618.00	1.495 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 and selling is picking up 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 701.62 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.