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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 2024-03-27 View latest technical analysis

10 day averaged volume of Indian Metals is 179788

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	628.60	635.00	643.00	625.60	0.875 times
26 Tue Mar 2024	633.90	615.50	668.00	615.50	3.42 times
22 Fri Mar 2024	615.25	587.90	619.75	586.75	0.614 times
21 Thu Mar 2024	589.30	577.00	594.80	569.90	0.669 times
20 Wed Mar 2024	571.60	560.60	578.15	548.70	0.453 times
19 Tue Mar 2024	557.95	568.35	585.30	551.05	1.467 times
18 Mon Mar 2024	567.75	557.20	572.20	557.20	0.547 times
15 Fri Mar 2024	557.15	561.50	572.20	538.50	0.596 times
14 Thu Mar 2024	565.30	523.00	568.65	523.00	0.729 times
13 Wed Mar 2024	533.30	571.00	574.30	525.60	0.856 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 625.6, but if it comes below 625.6, then a intra day sell could be more profitable.
If you take a sell trade below 625.6, then use 625.6 as stoploss and 596.31 as target. However if you take a buy trade in stock , then use 625.6 as stoploss and 660.7 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	569.55
Downside Target	587.30
Downside Target	599.15
Downside Target	611.55
Upside Target	649.00
Upside Target	659.90
Upside Target	664.95
Upside Target	668.00
Upside Target	687.65

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	606.73
Downside Intraday Target	584.87
Upside Intraday Target	659.23
Upside Intraday Target	689.87
Upside Intraday Target	637.37

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	628.60	615.50	668.00	615.50	1.145 times
22 Fri Mar 2024	615.25	557.20	619.75	548.70	1.141 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

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
27 Wed Mar 2024	628.60	612.20	668.00	523.00	0.622 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 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 to mid 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 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 BUY signal for Indian Metals in short term and the buy signal is strong.

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

Indian Metals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Indian Metals in short term but SELL 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

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 594.43 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 rising upwards.

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 is giving positive 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.