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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 2024-08-19 View latest technical analysis

10 day averaged volume of Indian Metals is 53676

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	679.10	676.85	692.95	673.75	1.217 times
16 Fri Aug 2024	676.85	677.00	689.80	661.00	1.227 times
14 Wed Aug 2024	676.20	666.00	678.00	662.00	0.535 times
13 Tue Aug 2024	676.40	695.90	695.90	675.70	0.343 times
12 Mon Aug 2024	689.65	694.95	700.00	682.20	0.969 times
09 Fri Aug 2024	686.20	695.50	700.00	677.75	0.86 times
08 Thu Aug 2024	694.70	693.60	699.45	688.75	0.622 times
07 Wed Aug 2024	688.65	675.00	693.00	667.60	0.672 times
06 Tue Aug 2024	662.80	676.10	690.40	659.00	1.137 times
05 Mon Aug 2024	665.20	686.00	701.30	659.00	2.444 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 675.7 as stoploss in an intra day buy trade for a target of 699.73. However, stock will show a bearish move below 675.7.

Share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Target	587.05
Downside Target	640.40
Downside Target	659.00
Upside Target	692.95
Upside Target	701.30
Upside Target	748.90
Upside Target	753.45
Upside Target	754.30
Upside Target	760.00
Upside Target	765.00
Upside Target	768.00
Upside Target	880.00

Intraday share price targets for Indian Metals (IMFA)

Target Type	Value
Downside Intraday Target	670.92
Downside Intraday Target	662.73
Upside Intraday Target	690.12
Upside Intraday Target	701.13
Upside Intraday Target	681.93

Weekly technical analysis of Indian Metals (IMFA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	679.10	676.85	692.95	673.75	0.396 times
16 Fri Aug 2024	676.85	694.95	700.00	661.00	0.536 times
09 Fri Aug 2024	686.20	686.00	701.30	659.00	0.398 times
02 Fri Aug 2024	703.15	752.00	753.45	694.00	1.91 times
26 Fri Jul 2024	746.45	694.00	754.30	670.05	0.955 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
19 Mon Aug 2024	679.10	745.15	748.90	659.00	0.32 times
31 Wed Jul 2024	738.05	749.30	760.00	670.05	0.259 times
28 Fri Jun 2024	742.45	718.95	880.00	587.05	1.887 times
31 Fri May 2024	690.70	742.00	765.00	642.70	0.492 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 below 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 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 676.58 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.