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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 246721

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	721.20	737.35	739.00	717.00	0.604 times
25 Thu Apr 2024	737.35	716.95	740.75	705.10	0.989 times
24 Wed Apr 2024	709.70	695.05	715.00	685.55	1.103 times
23 Tue Apr 2024	691.05	683.95	695.00	675.15	0.473 times
22 Mon Apr 2024	679.25	681.95	697.95	675.35	0.399 times
19 Fri Apr 2024	674.90	657.60	694.95	657.60	1.388 times
18 Thu Apr 2024	670.30	695.00	700.45	665.00	0.757 times
16 Tue Apr 2024	685.70	696.05	714.20	682.05	0.862 times
15 Mon Apr 2024	697.65	679.00	722.50	679.00	0.971 times
12 Fri Apr 2024	722.25	736.00	741.50	717.00	1.519 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 736.3 as stoploss in an intra day sell trade for a target of 698.95. However, stock will show a bullish move above 736.3.

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
Downside Target	705.35
Upside Target	722.50
Upside Target	740.75
Upside Target	749.80
Upside Target	768.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	683.98
Downside Intraday Target	646.77
Upside Intraday Target	749.58
Upside Intraday Target	777.97
Downside Intraday Target	712.37

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	721.20	681.95	740.75	675.15	0.897 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
26 Fri Apr 2024	721.20	665.00	768.00	640.40	3.453 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 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 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 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 BUY. 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.

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

Indian Metals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Indian Metals in short term but SELL 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

Although the stock is in the BUY zone, but buying 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 701.08 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 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.