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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 2024-03-20 View latest technical analysis

10 day averaged volume of Mm Forgings is 47369

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	885.90	877.95	897.00	873.80	0.52 times
19 Tue Mar 2024	876.25	883.70	893.80	864.05	0.502 times
18 Mon Mar 2024	887.30	882.00	897.70	882.00	0.421 times
15 Fri Mar 2024	881.65	888.00	900.00	873.00	0.729 times
14 Thu Mar 2024	880.80	856.00	924.90	855.70	1.695 times
13 Wed Mar 2024	873.15	892.80	944.95	854.50	3.126 times
12 Tue Mar 2024	882.65	894.60	899.95	866.90	0.77 times
11 Mon Mar 2024	892.85	916.00	916.00	882.00	1.148 times
07 Thu Mar 2024	917.00	898.20	922.00	896.15	0.452 times
06 Wed Mar 2024	894.20	909.10	920.25	885.20	0.591 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 882.9 as stoploss in an intra day buy trade for a target of 914.77. However, stock will show a bearish move below 882.9.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	848.00
Downside Target	885.20
Upside Target	931.00
Upside Target	944.95
Upside Target	957.30
Upside Target	957.45
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	867.4
Downside Intraday Target	848.9
Upside Intraday Target	901.05
Upside Intraday Target	916.2
Downside Intraday Target	882.55

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	885.90	882.00	897.70	864.05	0.193 times
15 Fri Mar 2024	881.65	916.00	944.95	854.50	3.026 times
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

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 Mm Forgings (MMFL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	885.90	952.25	957.45	854.50	0.33 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mm Forgings 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.

Mm Forgings 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 Mm Forgings in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 882.74 and Mm Forgings (MMFL) 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 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.