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(MMFL) Mm Forgings complete technical analysis [charts+indicators] | Buy/Sell Mm Forgings | (MMFL) share price targets

Complete technical analysis of Mm Forgings (MMFL) by charts plus indicators, forecast predictions and share price targets for Mm Forgings (MMFL)

Mm Forgings trades in NSE in Other Industrial Products sector.

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Mm Forgings is 56034

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	917.00	898.20	922.00	896.15	0.382 times
06 Wed Mar 2024	894.20	909.10	920.25	885.20	0.499 times
05 Tue Mar 2024	917.05	907.00	926.10	905.60	0.479 times
04 Mon Mar 2024	907.20	928.50	931.80	904.00	0.726 times
02 Sat Mar 2024	926.55	935.00	946.00	910.00	0.224 times
01 Fri Mar 2024	935.30	952.25	957.45	933.95	0.892 times
29 Thu Feb 2024	950.20	958.60	964.30	940.00	0.919 times
28 Wed Feb 2024	953.10	950.65	999.90	913.70	4.298 times
27 Tue Feb 2024	945.75	960.40	973.45	941.05	0.585 times
26 Mon Feb 2024	958.50	963.00	975.00	951.00	0.493 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 902.8 as stoploss in an intra day buy trade for a target of 935.63. However, stock will show a bearish move below 902.8.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	848.00
Downside Target	885.20
Downside Target	910.00
Upside Target	931.00
Upside Target	957.30
Upside Target	957.45
Upside Target	999.00
Upside Target	999.90
Upside Target	1014.60
Upside Target	1019.00
Upside Target	1050.10

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	890.87
Downside Intraday Target	864.73
Upside Intraday Target	937.47
Upside Intraday Target	957.93
Downside Intraday Target	911.33

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	917.00	928.50	931.80	885.20	0.281 times
02 Sat Mar 2024	926.55	963.00	999.90	910.00	0.76 times
23 Fri Feb 2024	965.05	959.00	1019.00	931.00	1.12 times
16 Fri Feb 2024	947.25	900.75	999.00	848.00	2.029 times
09 Fri Feb 2024	896.25	933.50	944.00	886.00	0.833 times

Price has moved down 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 Mm Forgings (MMFL)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	917.00	952.25	957.45	885.20	0.098 times
29 Thu Feb 2024	950.20	922.40	1019.00	848.00	2.334 times
31 Wed Jan 2024	919.70	974.90	1014.60	911.95	0.337 times
29 Fri Dec 2023	967.65	879.80	1050.10	851.25	4.258 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 Mm Forgings (MMFL)

Price action analysis of Mm Forgings ( (MMFL) ) 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 Mm Forgings ( (MMFL) ) 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 Mm Forgings ( (MMFL) ) based on a mid to longer 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.

ADX buy sell signal for Mm Forgings stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mm Forgings in short term and the sell signal is strong.

Mm Forgings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Mm Forgings in short term but BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mm Forgings is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 940.47 and Mm Forgings (MMFL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mm Forgings (MMFL) stock. Volume based technical analysis of Mm Forgings (MMFL) stock is negative.

Mm Forgings 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.