Buy Indian Metals and Ferro Alloys Ltd For Target Rs.1539.00 by Jainam Share Consultants
Indian Metals and Ferro Alloys Ltd
Buy Indian Metals and Ferro Alloys Ltd CMP 1396.00 Buy Price 1396.00 Target 1539.00 Stop loss 1307.00 Holding Periond 1 Month
* The stock price trading at Rs. 1396 on 04th DEC,2025.
* Currently the stock has given bullish chart pattern formation which resemble as Cup & Handle pattern breakout on daily chart.
* At this point, the price is trading above 10 & 20 EMA, which indicates a continuation of bullish momentum. Additionally, the momentum indicator RSI is also in Bullish zone, above the 60 level, suggesting * strengthening positive sentiment in the stock.
* We expect the stock price to continue its current bullish momentum and head towards 1500 - 1539 levels considering the current price action.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
