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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 2024-03-26 View latest technical analysis

10 day averaged volume of Mm Forgings is 49815

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	871.10	878.00	889.00	862.40	0.827 times
22 Fri Mar 2024	882.85	882.90	890.00	875.25	0.503 times
21 Thu Mar 2024	881.15	891.00	896.15	874.85	1.024 times
20 Wed Mar 2024	885.90	877.95	897.00	873.80	0.494 times
19 Tue Mar 2024	876.25	883.70	893.80	864.05	0.477 times
18 Mon Mar 2024	887.30	882.00	897.70	882.00	0.4 times
15 Fri Mar 2024	881.65	888.00	900.00	873.00	0.694 times
14 Thu Mar 2024	880.80	856.00	924.90	855.70	1.612 times
13 Wed Mar 2024	873.15	892.80	944.95	854.50	2.972 times
12 Tue Mar 2024	882.65	894.60	899.95	866.90	0.732 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 875.5, but if it comes above 875.5, then a intra day buy could be more profitable.
If you take a sell trade below 875.5, then use 875.5 as stoploss and 843.6 as target. However if you take a buy trade in stock , then use 875.5 as stoploss and 902.1 as target.

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	848.00
Upside Target	885.20
Upside Target	911.95
Upside Target	931.80
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	859.33
Downside Intraday Target	847.57
Upside Intraday Target	885.93
Upside Intraday Target	900.77
Upside Intraday Target	874.17

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	871.10	878.00	889.00	862.40	0.285 times
22 Fri Mar 2024	882.85	882.00	897.70	864.05	0.408 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

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
26 Tue Mar 2024	871.10	952.25	957.45	854.50	0.394 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mm Forgings in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 878.29 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.