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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 2024-03-15 View latest technical analysis

10 day averaged volume of Indian Metals is 89989

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	557.15	561.50	572.20	538.50	1.19 times
14 Thu Mar 2024	565.30	523.00	568.65	523.00	1.456 times
13 Wed Mar 2024	533.30	571.00	574.30	525.60	1.711 times
12 Tue Mar 2024	571.75	598.70	598.70	567.00	1.299 times
11 Mon Mar 2024	598.70	607.55	611.55	588.25	0.908 times
07 Thu Mar 2024	607.05	612.00	615.95	602.35	0.615 times
06 Wed Mar 2024	608.60	628.50	628.50	599.15	0.765 times
05 Tue Mar 2024	628.50	627.00	638.00	612.75	0.978 times
04 Mon Mar 2024	626.25	632.00	649.00	619.20	1.122 times
02 Sat Mar 2024	630.90	627.15	635.00	625.10	0.123 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 543.9, for a target of 580.4 or 610.87

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	427.45
Downside Target	471.60
Downside Target	523.00
Downside Target	538.00
Upside Target	569.55
Upside Target	587.30
Upside Target	599.15
Upside Target	611.55
Upside Target	624.90
Upside Target	649.00
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	516.25
Downside Intraday Target	475.35
Upside Intraday Target	604.8
Upside Intraday Target	652.45
Upside Intraday Target	563.9

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	557.15	607.55	611.55	523.00	1.886 times
07 Thu Mar 2024	607.05	632.00	649.00	599.15	0.451 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indian Metals (IMFA)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	557.15	612.20	649.00	523.00	0.256 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 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 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 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 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 Strong and stock is losing momentum.

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

Indian Metals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Indian Metals in short term but BUY signal is weak.

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 582.15 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.