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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 2024-04-15 View latest technical analysis

10 day averaged volume of Mm Forgings is 44100

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	861.50	861.50	874.95	842.55	1.048 times
12 Fri Apr 2024	861.50	880.05	884.00	858.00	1.05 times
10 Wed Apr 2024	879.80	879.90	887.45	877.15	1.065 times
09 Tue Apr 2024	879.15	881.95	886.50	876.05	0.555 times
08 Mon Apr 2024	881.95	879.35	887.25	878.00	0.427 times
05 Fri Apr 2024	877.20	886.80	886.80	875.10	0.631 times
04 Thu Apr 2024	878.00	890.55	896.75	869.20	1.154 times
03 Wed Apr 2024	890.55	887.10	901.55	886.00	0.884 times
02 Tue Apr 2024	893.65	896.90	900.00	883.05	0.995 times
01 Mon Apr 2024	887.80	876.00	905.40	876.00	2.449 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 860.4, for a target of 870.6 or 879

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	842.55
Upside Target	891.45
Upside Target	897.70
Upside Target	905.40
Upside Target	911.95
Upside Target	957.45
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	844.38
Downside Intraday Target	827.27
Upside Intraday Target	876.78
Upside Intraday Target	892.07
Downside Intraday Target	859.67

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	861.50	861.50	874.95	842.55	0.338 times
12 Fri Apr 2024	861.50	879.35	887.45	858.00	0.507 times
05 Fri Apr 2024	877.20	876.00	905.40	869.20	2.24 times
28 Thu Mar 2024	874.60	878.00	891.45	861.80	0.833 times
22 Fri Mar 2024	882.85	882.00	897.70	864.05	0.408 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
15 Mon Apr 2024	861.50	876.00	905.40	842.55	0.567 times
28 Thu Mar 2024	874.60	952.25	957.45	854.50	0.437 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 879.93 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.