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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 2024-11-07 View latest technical analysis

10 day averaged volume of Indian Metals is 85667

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	722.40	725.00	730.00	712.05	1.887 times
06 Wed Nov 2024	715.25	693.75	719.00	688.10	2.368 times
05 Tue Nov 2024	687.60	673.10	694.35	671.10	1.125 times
04 Mon Nov 2024	672.70	693.00	698.00	668.20	1.034 times
01 Fri Nov 2024	691.80	678.95	703.70	678.90	0.615 times
31 Thu Oct 2024	676.60	675.00	682.85	668.25	0.285 times
30 Wed Oct 2024	678.25	660.00	692.75	655.20	1.372 times
29 Tue Oct 2024	656.80	651.90	659.45	640.35	0.561 times
28 Mon Oct 2024	651.90	660.00	664.75	645.00	0.744 times
25 Fri Oct 2024	659.75	651.40	664.60	631.05	1.111 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 710.1, but if it comes below 710.1, then a intra day sell could be more profitable.
If you take a sell trade below 710.1, then use 710.1 as stoploss and 686.02 as target. However if you take a buy trade in stock , then use 710.1 as stoploss and 738.9 as target.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	618.00
Downside Target	631.05
Downside Target	659.00
Downside Target	684.90
Downside Target	703.70
Upside Target	728.10
Upside Target	730.00
Upside Target	732.40
Upside Target	748.90
Upside Target	760.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	683.73
Downside Intraday Target	645.07
Upside Intraday Target	745.53
Upside Intraday Target	768.67
Downside Intraday Target	706.87

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	722.40	693.00	730.00	668.20	1.793 times
01 Fri Nov 2024	691.80	660.00	703.70	640.35	0.859 times
25 Fri Oct 2024	659.75	693.30	693.35	631.05	0.677 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indian Metals (IMFA)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	722.40	678.95	730.00	668.20	0.254 times
31 Thu Oct 2024	676.60	703.00	732.40	631.05	1.355 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

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indian Metals ( (IMFA) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Indian Metals stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indian Metals in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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

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 690.09 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 positive

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