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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 2024-03-18 View latest technical analysis

10 day averaged volume of Indian Metals is 91488

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	567.75	557.20	572.20	557.20	1.074 times
15 Fri Mar 2024	557.15	561.50	572.20	538.50	1.171 times
14 Thu Mar 2024	565.30	523.00	568.65	523.00	1.432 times
13 Wed Mar 2024	533.30	571.00	574.30	525.60	1.683 times
12 Tue Mar 2024	571.75	598.70	598.70	567.00	1.277 times
11 Mon Mar 2024	598.70	607.55	611.55	588.25	0.894 times
07 Thu Mar 2024	607.05	612.00	615.95	602.35	0.605 times
06 Wed Mar 2024	608.60	628.50	628.50	599.15	0.752 times
05 Tue Mar 2024	628.50	627.00	638.00	612.75	0.962 times
04 Mon Mar 2024	626.25	632.00	649.00	619.20	1.104 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 576.2, but if it comes above 576.2, then a intra day buy could be more profitable.
If you take a sell trade below 576.2, then use 576.2 as stoploss and 538.9 as target. However if you take a buy trade in stock , then use 576.2 as stoploss and 607.31 as target.

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
Downside Target	557.20
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	664.95
Upside Target	687.65

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	559.23
Downside Intraday Target	550.72
Upside Intraday Target	574.23
Upside Intraday Target	580.72
Downside Intraday Target	565.72

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	567.75	557.20	572.20	557.20	0.166 times
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

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
18 Mon Mar 2024	567.75	612.20	649.00	523.00	0.28 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 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 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 gaining momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 580.2 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.