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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.

10 day averaged volume of Indian Metals is 353703

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	691.05	683.95	695.00	675.15	0.33 times
22 Mon Apr 2024	679.25	681.95	697.95	675.35	0.278 times
19 Fri Apr 2024	674.90	657.60	694.95	657.60	0.968 times
18 Thu Apr 2024	670.30	695.00	700.45	665.00	0.528 times
16 Tue Apr 2024	685.70	696.05	714.20	682.05	0.602 times
15 Mon Apr 2024	697.65	679.00	722.50	679.00	0.677 times
12 Fri Apr 2024	722.25	736.00	741.50	717.00	1.06 times
10 Wed Apr 2024	737.15	750.90	755.00	729.50	1.073 times
09 Tue Apr 2024	758.05	730.45	768.00	723.00	2.357 times
08 Mon Apr 2024	730.25	736.65	742.00	705.35	1.162 times

My analysis of stock is bullish for shortterm, and stock might move up till 729.2 or till 785.2. Use a stoploss of 682.46 and if this stock hits its stoploss, then it can fall down till 635.77

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	471.60
Downside Target	523.00
Downside Target	569.55
Downside Target	615.50
Downside Target	640.40
Downside Target	657.60
Downside Target	687.65
Upside Target	697.95
Upside Target	705.35
Upside Target	722.50
Upside Target	749.80
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	678.15
Downside Intraday Target	665.25
Upside Intraday Target	700.95
Upside Intraday Target	710.85
Downside Intraday Target	688.05

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	691.05	681.95	697.95	675.15	0.219 times
19 Fri Apr 2024	674.90	679.00	722.50	657.60	0.491 times
12 Fri Apr 2024	722.25	736.65	768.00	705.35	0.406 times
05 Fri Apr 2024	737.15	665.00	749.80	640.40	5.708 times
28 Thu Mar 2024	639.60	615.50	668.00	615.50	1.28 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
23 Tue Apr 2024	691.05	665.00	768.00	640.40	3.192 times
28 Thu Mar 2024	639.60	612.20	668.00	523.00	0.645 times
29 Thu Feb 2024	609.50	661.70	664.95	569.55	0.456 times
31 Wed Jan 2024	657.40	500.50	687.65	471.60	2.141 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 mid to longer 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.

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 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 weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 719.53 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.