Outlook · Indian Metals & Ferro Alloys Limited

What the candles in progress say about the coming hours and days, counted from what followed the same candles before. For any name: the chance the close is higher over each horizon, the range four in five earlier windows ended inside, the evidence behind it, and how often earlier outlooks leaned the right way. A chance, never a certainty — and the record of the misses sits beside it.

Indian Metals & Ferro Alloys Limited · IMFA

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The coming hours

The next hour

5-minute candles · 12 ahead

· No lean chance the close is higher
base rate 41% · evidence 5 patterns (80 obs)

Last close: ₹1,238.00 as of Mon 21 Sep, 15:25 IST
Range, 20th–80th: ₹1,231.31 – ₹1,245.68 -0.54% · +0.62%
Typical move: -0.14% median of 63 windows
Trend line: +0.021%/candle · R² 0.22 carried forward +0.25%
Record: 54 of 100 leaned right (54%) site-wide

in progress Morning star · up · library record 676 hits just hit VWAP cross · down · library record 2051 hits just hit Volume spike · down · library record 1374 hits just hit Evening star · down · library record 655 hits building Impulse wave (five swings, Elliott-style) · down · library record 72 hits

How this was counted, in words

No lean over the next hour: 46% chance the close is higher — a coin toss

On this name's own 5-minute candles the close 12 candles later was higher 41% of the time (26 of 63 windows). The evidence in progress: Morning star (live, up): went its way 292 of 676 times across 158 names; VWAP cross (recent, down): went its way 1112 of 2051 times across 202 names; Volume spike (recent, down): went its way 728 of 1374 times across 164 names; Evening star (recent, down): went its way 323 of 655 times across 152 names; Impulse wave (five swings, Elliott-style) (building, down): went its way 31 of 72 times across 39 names. Weighed together as 80 observations against the base rate's 20, that gives 46%.

The range: 1,231.31 to 1,245.68 — where four in five earlier windows of 12 candles ended

From the last close of 1,238.00, this name's own 12 candles moves ran from -0.54% (the 20th percentile) to +0.62% (the 80th); median -0.14%, typical size either way 0.39%. One in five windows ended outside that range — the worst was -1.04%, the best +1.11%. The two references are those percentiles on today's close, nothing more.

The trend line: rising 0.02% per candle, R² 0.22

Slope +0.02% per candle (up), R² 0.22 (choppy), 5 candles from the window's low, +0.65% from it; the last close is with the line. If that line simply continued for 12 candles it would print +0.25% — arithmetic, not a call; lines this choppy say little about the next candle.

How these outlooks have fared: 54 of 100 leaned the right way (54%)

Of the last 100 outlooks with a lean at this candle size and horizon across every name, 54 saw the close go the way they leaned; 67 of 100 closed inside the range printed. Every outlook issued is counted, none dropped.

Our arithmetic from stored candles — no recommendation, no forecast of any price: a chance counted from this name's own record, with the times it was wrong counted beside it. The decision, and the risk, are yours.

The next two hours

15-minute candles · 8 ahead

▼ Leaning down chance the close is higher
base rate 53% · evidence 1 pattern (42 obs)

Last close: ₹1,238.00 as of Mon 21 Sep, 15:15 IST
Range, 20th–80th: ₹1,229.09 – ₹1,244.07 -0.72% · +0.49%
Typical move: +0.10% median of 17 windows
Trend line: -0.022%/candle · R² 0.11 carried forward -0.18%
Record: 46 of 100 leaned right (46%) site-wide

just hit Volume spike · up · library record 425 hits

How this was counted, in words

Leaning down over the next two hours: 57% chance the close is lower

On this name's own 15-minute candles the close 8 candles later was higher 53% of the time (9 of 17 windows). The evidence in progress: Volume spike (recent, up): went its way 160 of 425 times across 59 names. Weighed together as 42 observations against the base rate's 20, that gives 43%.

The range: 1,229.09 to 1,244.07 — where four in five earlier windows of 8 candles ended

From the last close of 1,238.00, this name's own 8 candles moves ran from -0.72% (the 20th percentile) to +0.49% (the 80th); median +0.10%, typical size either way 0.50%. One in five windows ended outside that range — the worst was -1.18%, the best +0.91%. The two references are those percentiles on today's close, nothing more.

The trend line: falling 0.02% per candle, R² 0.11

Slope -0.02% per candle (down), R² 0.11 (choppy), 13 candles from the window's high, -0.71% from it; the last close is off the line. If that line simply continued for 8 candles it would print -0.18% — arithmetic, not a call; lines this choppy say little about the next candle.

How these outlooks have fared: 46 of 100 leaned the right way (46%)

Of the last 100 outlooks with a lean at this candle size and horizon across every name, 46 saw the close go the way they leaned; 58 of 100 closed inside the range printed. Every outlook issued is counted, none dropped.

The next six trading hours

hourly candles · 6 ahead

· No lean chance the close is higher
base rate 100% · evidence 3 patterns (80 obs)

Last close: ₹1,238.00 as of Mon 21 Sep, 15:15 IST
Range, 20th–80th: ₹1,240.35 – ₹1,240.35 +0.19% · +0.19%
Typical move: +0.19% median of 1 windows
Record: 56 of 100 leaned right (56%) site-wide

just hit VWAP cross · down · library record 303 hits just hit Opening range breakout · down · library record 183 hits building Impulse wave (five swings, Elliott-style) · down · library record 25 hits

How this was counted, in words

No lean over the next six trading hours: 54% chance the close is higher — a coin toss

On this name's own hourly candles the close 6 candles later was higher 100% of the time (1 of 1 windows). The evidence in progress: VWAP cross (recent, down): went its way 168 of 303 times across 56 names; Opening range breakout (recent, down): went its way 99 of 183 times across 52 names; Impulse wave (five swings, Elliott-style) (building, down): went its way 19 of 25 times across 17 names. Weighed together as 80 observations against the base rate's 20, that gives 54%.

The range: 1,240.35 to 1,240.35 — where four in five earlier windows of 6 candles ended

From the last close of 1,238.00, this name's own 6 candles moves ran from +0.19% (the 20th percentile) to +0.19% (the 80th); median +0.19%, typical size either way 0.19%. One in five windows ended outside that range — the worst was +0.19%, the best +0.19%. The two references are those percentiles on today's close, nothing more.

How these outlooks have fared: 56 of 100 leaned the right way (56%)

Of the last 100 outlooks with a lean at this candle size and horizon across every name, 56 saw the close go the way they leaned; 54 of 100 closed inside the range printed. Every outlook issued is counted, none dropped.

The coming days

The next session

daily candles · 1 ahead

· No lean chance the close is higher
base rate 50% · evidence 5 patterns (80 obs)

Last close: ₹1,190.60 as of 6 Oct 2026
Range, 20th–80th: ₹1,165.00 – ₹1,216.32 -2.15% · +2.16%
Typical move: +0.05% median of 250 windows
Trend line: -0.491%/candle · R² 0.77 carried forward -0.49%
Record: 6 judged — printed at 20

in progress Lower highs and lower lows · down · own record 34 hits just hit Move of X% within M candles · down · own record 118 hits just hit RSI into overbought / oversold · up · own record 21 hits just hit N consecutive falling candles · down · own record 7 hits building Impulse wave (five swings, Elliott-style) · down · own record 11 hits

How this was counted, in words

No lean over the next session: 51% chance the close is higher — a coin toss

On this name's own daily candles the close 1 session later was higher 50% of the time (126 of 250 windows). The evidence in progress: Lower highs and lower lows (live, down): went its way 14 of 34 times on this name; Move of X% within M candles (recent, down): went its way 63 of 118 times on this name; RSI into overbought / oversold (recent, up): went its way 10 of 21 times on this name; N consecutive falling candles (recent, down): went its way 2 of 7 times on this name; Impulse wave (five swings, Elliott-style) (building, down): went its way 7 of 11 times on this name. Weighed together as 80 observations against the base rate's 20, that gives 51%.

The range: 1,165.00 to 1,216.32 — where four in five earlier windows of 1 session ended

From the last close of 1,190.60, this name's own 1 session moves ran from -2.15% (the 20th percentile) to +2.16% (the 80th); median +0.05%, typical size either way 1.82%. One in five windows ended outside that range — the worst was -11.31%, the best +10.48%. The two references are those percentiles on today's close, nothing more.

The trend line: falling 0.49% per candle, R² 0.77

Slope -0.49% per candle (down), R² 0.77 (choppy), 18 candles from the window's high, -8.88% from it; the last close is off the line. If that line simply continued for 1 session it would print -0.49% — arithmetic, not a call; lines this choppy say little about the next candle.

How these outlooks have fared: too few judged to say

Only 6 outlooks at this candle size and horizon has a closed window so far; the record is printed once there are 20.

The next five sessions

daily candles · 5 ahead

· No lean chance the close is higher
base rate 49% · evidence 5 patterns (80 obs)

Last close: ₹1,190.60 as of 6 Oct 2026
Range, 20th–80th: ₹1,131.19 – ₹1,253.70 -4.99% · +5.30%
Typical move: -0.18% median of 250 windows
Trend line: -0.491%/candle · R² 0.77 carried forward -2.46%
Record: 4 judged — printed at 20

in progress Lower highs and lower lows · down · own record 32 hits just hit Move of X% within M candles · down · own record 118 hits just hit RSI into overbought / oversold · up · own record 20 hits just hit N consecutive falling candles · down · own record 6 hits building Impulse wave (five swings, Elliott-style) · down · own record 11 hits

How this was counted, in words

No lean over the next five sessions: 50% chance the close is higher — a coin toss

On this name's own daily candles the close 5 sessions later was higher 49% of the time (122 of 250 windows). The evidence in progress: Lower highs and lower lows (live, down): went its way 16 of 32 times on this name; Move of X% within M candles (recent, down): went its way 62 of 118 times on this name; RSI into overbought / oversold (recent, up): went its way 11 of 20 times on this name; N consecutive falling candles (recent, down): went its way 2 of 6 times on this name; Impulse wave (five swings, Elliott-style) (building, down): went its way 5 of 11 times on this name. Weighed together as 80 observations against the base rate's 20, that gives 50%.

The range: 1,131.19 to 1,253.70 — where four in five earlier windows of 5 sessions ended

From the last close of 1,190.60, this name's own 5 sessions moves ran from -4.99% (the 20th percentile) to +5.30% (the 80th); median -0.18%, typical size either way 4.30%. One in five windows ended outside that range — the worst was -18.70%, the best +25.20%. The two references are those percentiles on today's close, nothing more.

The trend line: falling 0.49% per candle, R² 0.77

Slope -0.49% per candle (down), R² 0.77 (choppy), 18 candles from the window's high, -8.88% from it; the last close is off the line. If that line simply continued for 5 sessions it would print -2.46% — arithmetic, not a call; lines this choppy say little about the next candle.

How these outlooks have fared: too few judged to say

Only 4 outlooks at this candle size and horizon has a closed window so far; the record is printed once there are 20.

The next ten sessions

daily candles · 10 ahead

· No lean chance the close is higher
base rate 48% · evidence 5 patterns (80 obs)

Last close: ₹1,190.60 as of 6 Oct 2026
Range, 20th–80th: ₹1,110.12 – ₹1,286.68 -6.76% · +8.07%
Typical move: -0.58% median of 250 windows
Trend line: -0.491%/candle · R² 0.77 carried forward -4.91%
Record: 2 judged — printed at 20

in progress Lower highs and lower lows · down · own record 32 hits just hit Move of X% within M candles · down · own record 117 hits just hit RSI into overbought / oversold · up · own record 20 hits just hit N consecutive falling candles · down · own record 6 hits building Impulse wave (five swings, Elliott-style) · down · own record 11 hits

How this was counted, in words

No lean over the next ten sessions: 51% chance the close is higher — a coin toss

On this name's own daily candles the close 10 sessions later was higher 48% of the time (120 of 250 windows). The evidence in progress: Lower highs and lower lows (live, down): went its way 15 of 32 times on this name; Move of X% within M candles (recent, down): went its way 56 of 117 times on this name; RSI into overbought / oversold (recent, up): went its way 8 of 20 times on this name; N consecutive falling candles (recent, down): went its way 2 of 6 times on this name; Impulse wave (five swings, Elliott-style) (building, down): went its way 4 of 11 times on this name. Weighed together as 80 observations against the base rate's 20, that gives 51%.

The range: 1,110.12 to 1,286.68 — where four in five earlier windows of 10 sessions ended

From the last close of 1,190.60, this name's own 10 sessions moves ran from -6.76% (the 20th percentile) to +8.07% (the 80th); median -0.58%, typical size either way 6.16%. One in five windows ended outside that range — the worst was -25.20%, the best +31.10%. The two references are those percentiles on today's close, nothing more.

The trend line: falling 0.49% per candle, R² 0.77

Slope -0.49% per candle (down), R² 0.77 (choppy), 18 candles from the window's high, -8.88% from it; the last close is off the line. If that line simply continued for 10 sessions it would print -4.91% — arithmetic, not a call; lines this choppy say little about the next candle.

How these outlooks have fared: too few judged to say

Only 2 outlooks at this candle size and horizon has a closed window so far; the record is printed once there are 20.

How the outlook is counted

1. The base rate

Over this name's own stored candles (the last 250 sessions for the daily cards; every five-minute candle on file for the hourly ones), how often the close the chosen number of candles later was higher, and where the moves fell — the 20th, 50th and 80th percentiles. With nothing in progress this is the outlook: the name's own habit, nothing added.

2. The evidence

Every pattern in the library that is in progress, just hit, or building on the latest candle, with what followed its earlier hits on this same name — the share of times the close went the hit's way. When the name itself has fewer than five earlier hits, the library's pooled record across every name it has been seen on stands in, and the card says so. A pattern with no usable record is listed but counts for nothing.

3. Putting them together

The chance is the base rate pulled toward the evidence in proportion to how much evidence there is: the base rate counts as twenty observations; each pattern counts as its number of earlier hits, at most sixty, scaled by whether it is live (1.0), just hit (0.7) or still building (0.4); and all the evidence together counts as at most eighty, because two patterns saying "up" on the same candles are not two independent witnesses. No evidence returns the base rate; strong evidence moves the chance toward its record but can never reach 0 or 100. The lean is called only past 55% (up) or below 45% (down); in between the card says no lean.

4. The range and the trend line

The two references are the 20th and 80th percentiles of the name's own moves over that horizon, applied to the last close — where four in five earlier windows ended. The trend line is the least-squares fit on the latest candles (slope per candle, R² for straightness) carried forward as arithmetic; the text says whether lines that straight have tended to continue.

5. The record

Every outlook is stored when it is made and judged once the horizon has traded: did the close go the way it leaned, and did it end inside the range. The card shows the last hundred at that candle size and horizon — for the name when it has twenty judged, else site-wide — and every outlook issued is counted, none dropped. The number is printed whether it is 40% or 70%.