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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 2024-03-04 View latest technical analysis

10 day averaged volume of Indian Metals is 109431

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	626.25	632.00	649.00	619.20	0.923 times
02 Sat Mar 2024	630.90	627.15	635.00	625.10	0.101 times
01 Fri Mar 2024	622.95	612.20	629.30	612.20	0.842 times
29 Thu Feb 2024	609.50	592.20	611.35	587.30	1.016 times
28 Wed Feb 2024	601.80	641.00	641.00	597.55	1.462 times
27 Tue Feb 2024	635.20	650.00	655.00	630.90	1.103 times
26 Mon Feb 2024	643.25	633.00	659.90	633.00	1.822 times
23 Fri Feb 2024	632.60	635.00	642.20	625.20	0.667 times
22 Thu Feb 2024	632.70	639.00	641.00	627.80	0.667 times
21 Wed Feb 2024	636.25	641.75	664.95	624.90	1.312 times

My analysis of stock is bearish for shortterm, and stock might move down till 610.6 or till 590.4. Use a stoploss of 627.32 and if the stock hits stoploss, then it can shoot up till 644.08

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	427.45
Downside Target	471.60
Downside Target	538.00
Downside Target	569.55
Downside Target	587.30
Downside Target	605.10
Upside Target	649.00
Upside Target	656.40
Upside Target	659.90
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	613.97
Downside Intraday Target	601.68
Upside Intraday Target	643.77
Upside Intraday Target	661.28
Upside Intraday Target	631.48

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	626.25	632.00	649.00	619.20	0.145 times
02 Sat Mar 2024	630.90	633.00	659.90	587.30	1.453 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

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
04 Mon Mar 2024	626.25	612.20	649.00	612.20	0.052 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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.

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 buy signal for Indian Metals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 627 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.