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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 2024-04-22 View latest technical analysis

10 day averaged volume of Mm Forgings is 161307

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	1038.20	1080.00	1094.45	1030.50	1.128 times
19 Fri Apr 2024	1057.75	975.00	1087.00	964.50	3.482 times
18 Thu Apr 2024	985.55	931.00	1017.95	931.00	3.243 times
16 Tue Apr 2024	913.90	861.50	940.05	848.05	1.654 times
15 Mon Apr 2024	861.50	861.50	874.95	842.55	0.286 times
12 Fri Apr 2024	861.50	880.05	884.00	858.00	0.287 times
10 Wed Apr 2024	879.80	879.90	887.45	877.15	0.291 times
09 Tue Apr 2024	879.15	881.95	886.50	876.05	0.152 times
08 Mon Apr 2024	881.95	879.35	887.25	878.00	0.117 times
05 Fri Apr 2024	877.20	886.80	886.80	875.10	0.172 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1023.2, for a target of 957.3 or 902.47

Share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Target	842.55
Downside Target	887.45
Downside Target	911.95
Downside Target	957.45
Downside Target	1014.60
Downside Target	1019.00
Downside Target	1030.50
Upside Target	1050.10
Upside Target	1087.00
Upside Target	1094.45

Intraday share price targets for Mm Forgings (MMFL)

Target Type	Value
Downside Intraday Target	1014.32
Downside Intraday Target	990.43
Upside Intraday Target	1078.27
Upside Intraday Target	1118.33
Upside Intraday Target	1054.38

Weekly technical analysis of Mm Forgings (MMFL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	1038.20	1080.00	1094.45	1030.50	0.13 times
19 Fri Apr 2024	1057.75	861.50	1087.00	842.55	10.234 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

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
22 Mon Apr 2024	1038.20	876.00	1094.45	842.55	2.489 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 up this month, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mm Forgings ( (MMFL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Mm Forgings in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mm Forgings Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Mm Forgings in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 989.56 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 rising upwards.

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 is giving positive 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.