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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 2024-02-27 View latest technical analysis

10 day averaged volume of Indian Metals is 183932

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	635.20	650.00	655.00	630.90	0.656 times
26 Mon Feb 2024	643.25	633.00	659.90	633.00	1.084 times
23 Fri Feb 2024	632.60	635.00	642.20	625.20	0.397 times
22 Thu Feb 2024	632.70	639.00	641.00	627.80	0.397 times
21 Wed Feb 2024	636.25	641.75	664.95	624.90	0.781 times
20 Tue Feb 2024	636.65	638.90	645.85	626.55	0.6 times
19 Mon Feb 2024	638.95	642.00	650.45	635.00	0.425 times
16 Fri Feb 2024	637.65	657.00	657.00	635.20	1.484 times
15 Thu Feb 2024	654.30	629.95	663.20	627.35	2.669 times
14 Wed Feb 2024	627.35	583.10	639.35	580.00	1.227 times

My analysis of stock is bullish for shortterm, and stock might move up till 650.4 or till 670.5. Use a stoploss of 633.66 and if this stock hits its stoploss, then it can fall down till 616.92

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	387.25
Downside Target	427.45
Downside Target	450.90
Downside Target	471.60
Downside Target	522.95
Downside Target	538.00
Downside Target	569.55
Downside Target	605.10
Downside Target	624.90
Upside Target	656.40
Upside Target	663.20
Upside Target	664.95
Upside Target	687.65

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	624.1
Downside Intraday Target	613
Upside Intraday Target	653.1
Upside Intraday Target	671
Upside Intraday Target	642

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	635.20	633.00	659.90	630.90	0.67 times
23 Fri Feb 2024	632.60	642.00	664.95	624.90	0.353 times
16 Fri Feb 2024	637.65	620.00	663.20	569.55	1.976 times
09 Fri Feb 2024	620.60	639.80	656.40	605.10	0.098 times
02 Fri Feb 2024	634.90	523.00	687.65	522.95	13.266 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
27 Tue Feb 2024	635.20	661.70	664.95	569.55	0.425 times
31 Wed Jan 2024	657.40	500.50	687.65	471.60	2.141 times
29 Fri Dec 2023	499.35	525.00	572.60	477.85	0.58 times
30 Thu Nov 2023	523.90	435.05	538.00	427.45	2.169 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 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 short to mid term time period is neutral. A longer time frame might give a better analysis.

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 losing momentum.

MACD generated a SELL signal for Indian Metals in short term but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

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 but SELL signal is weak.

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 640.86 and Indian Metals (IMFA) stock is trading below this level. This means that stock is falling with high volumes. 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.