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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 2024-03-01 View latest technical analysis

10 day averaged volume of Indian Metals is 134223

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	622.95	612.20	629.30	612.20	0.686 times
29 Thu Feb 2024	609.50	592.20	611.35	587.30	0.828 times
28 Wed Feb 2024	601.80	641.00	641.00	597.55	1.192 times
27 Tue Feb 2024	635.20	650.00	655.00	630.90	0.899 times
26 Mon Feb 2024	643.25	633.00	659.90	633.00	1.485 times
23 Fri Feb 2024	632.60	635.00	642.20	625.20	0.544 times
22 Thu Feb 2024	632.70	639.00	641.00	627.80	0.544 times
21 Wed Feb 2024	636.25	641.75	664.95	624.90	1.07 times
20 Tue Feb 2024	636.65	638.90	645.85	626.55	0.822 times
19 Mon Feb 2024	638.95	642.00	650.45	635.00	0.582 times

My analysis of stock is bearish for shortterm, and stock might move down till 611.1 or till 590.4. Use a stoploss of 628.29 and if the stock hits stoploss, then it can shoot up till 645.51

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	427.45
Downside Target	471.60
Downside Target	522.95
Downside Target	538.00
Downside Target	569.55
Downside Target	587.30
Downside Target	605.10
Upside 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	586.87
Downside Intraday Target	550.78
Upside Intraday Target	659.47
Upside Intraday Target	695.98
Upside Intraday Target	623.38

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	622.95	633.00	659.90	587.30	1.43 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 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
01 Fri Mar 2024	622.95	612.20	629.30	612.20	0.023 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
29 Fri Dec 2023	499.35	525.00	572.60	477.85	0.58 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 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 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 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 Weak and stock is gaining 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 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 628.75 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.