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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 705851

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	674.90	657.60	694.95	657.60	0.485 times
18 Thu Apr 2024	670.30	695.00	700.45	665.00	0.265 times
16 Tue Apr 2024	685.70	696.05	714.20	682.05	0.301 times
15 Mon Apr 2024	697.65	679.00	722.50	679.00	0.339 times
12 Fri Apr 2024	722.25	736.00	741.50	717.00	0.531 times
10 Wed Apr 2024	737.15	750.90	755.00	729.50	0.538 times
09 Tue Apr 2024	758.05	730.45	768.00	723.00	1.181 times
08 Mon Apr 2024	730.25	736.65	742.00	705.35	0.582 times
05 Fri Apr 2024	737.15	740.00	749.80	725.25	0.649 times
04 Thu Apr 2024	731.05	736.90	749.00	721.00	0.906 times

My analysis of stock is bullish for shortterm, and stock might move up till 728.9 or till 799.1. Use a stoploss of 670.42 and if this stock hits its stoploss, then it can fall down till 611.93

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	471.60
Downside Target	523.00
Downside Target	548.70
Downside Target	569.55
Downside Target	615.50
Downside Target	640.40
Downside Target	657.60
Upside Target	687.65
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	647.5
Downside Intraday Target	620.1
Upside Intraday Target	712.4
Upside Intraday Target	749.9
Upside Intraday Target	685

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	615.25	557.20	619.75	548.70	1.141 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
19 Fri Apr 2024	674.90	665.00	768.00	640.40	3.107 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 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Indian Metals in short term and SELL 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 725.11 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.