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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 2024-03-21 View latest technical analysis

10 day averaged volume of Indian Metals is 115835

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	589.30	577.00	594.80	569.90	1.038 times
20 Wed Mar 2024	571.60	560.60	578.15	548.70	0.703 times
19 Tue Mar 2024	557.95	568.35	585.30	551.05	2.277 times
18 Mon Mar 2024	567.75	557.20	572.20	557.20	0.848 times
15 Fri Mar 2024	557.15	561.50	572.20	538.50	0.925 times
14 Thu Mar 2024	565.30	523.00	568.65	523.00	1.131 times
13 Wed Mar 2024	533.30	571.00	574.30	525.60	1.329 times
12 Tue Mar 2024	571.75	598.70	598.70	567.00	1.009 times
11 Mon Mar 2024	598.70	607.55	611.55	588.25	0.706 times
07 Thu Mar 2024	607.05	612.00	615.95	602.35	0.478 times

My analysis of stock is bearish for shortterm, and stock might move down till 566.9 or till 529.6. Use a stoploss of 597.97 and if the stock hits stoploss, then it can shoot up till 629.04

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	569.55
Downside Target	587.30
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	560.4
Downside Intraday Target	531.5
Upside Intraday Target	606.5
Upside Intraday Target	623.7
Downside Intraday Target	577.6

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	589.30	557.20	594.80	548.70	0.954 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
21 Thu Mar 2024	589.30	612.20	649.00	523.00	0.399 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

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

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 566.7 and Indian Metals (IMFA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.