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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 2024-04-05 View latest technical analysis

10 day averaged volume of Indian Metals is 564052

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	737.15	740.00	749.80	725.25	0.812 times
04 Thu Apr 2024	731.05	736.90	749.00	721.00	1.134 times
03 Wed Apr 2024	732.05	656.10	745.00	649.00	5.891 times
02 Tue Apr 2024	649.10	658.00	658.00	645.00	0.34 times
01 Mon Apr 2024	646.65	665.00	665.00	640.40	0.552 times
28 Thu Mar 2024	639.60	631.00	648.40	630.00	0.161 times
27 Wed Mar 2024	628.60	635.00	643.00	625.60	0.279 times
26 Tue Mar 2024	633.90	615.50	668.00	615.50	1.09 times
22 Fri Mar 2024	615.25	587.90	619.75	586.75	0.196 times
21 Thu Mar 2024	589.30	577.00	594.80	569.90	0.213 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 745.4, for a target of 675.4 or 617.09

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	471.60
Downside Target	523.00
Downside Target	548.70
Downside Target	569.55
Downside Target	599.15
Downside Target	611.55
Downside Target	640.40
Downside Target	664.95
Downside Target	668.00
Downside Target	687.65
Upside Target	749.80

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	668.43
Downside Intraday Target	599.72
Upside Intraday Target	777.83
Upside Intraday Target	818.52
Downside Intraday Target	709.12

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	737.15	665.00	749.80	640.40	5.708 times
28 Thu Mar 2024	639.60	615.50	668.00	615.50	1.28 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

Price has moved up 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
05 Fri Apr 2024	737.15	665.00	749.80	640.40	1.936 times
28 Thu Mar 2024	639.60	612.20	668.00	523.00	0.645 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 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 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 706.15 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.